"Sony and Apollo Consider Joint Bid for Paramount Global"

Sony Pictures and Apollo Global Management are considering a joint bid for Paramount Global, potentially transforming Sony Corp.'s Hollywood presence. Meanwhile, Paramount Global is in exclusive negotiations with Skydance Media, but discussions with Apollo and Sony could complicate the talks. The potential joint bid would involve Sony contributing Sony Pictures Entertainment to the venture, with Sony as the majority owner of the enlarged entity that also includes CBS. Additionally, a Skydance deal would bring in new management and potentially replace controlling shareholder Shari Redstone with Skydance and RedBird Capital partners.