Search results for apollo

After the two companies had presented an offer to acquire Paramount Global for $26bn, Paramount’s board decided to negotiate with all the suitors, including Skydance as well.

After these news, Paramount shares spiked 12%.

Although details have not been revealed on how the transaction would happen, the offer would make Sony the majority owner operating the company, with Apollo taking a minority stake in the joint venture.

The offer arrived after a week where it was rumored that the company was in talks to acquire Paramount's studio.

The private equity firm is allegedly in talks to acquire the entire of Paramount's assets, however it may also look to bid on specific assets within the conglomerate.