"Sony and Apollo Management in Talks to Acquire Paramount"

Sony Pictures Entertainment and Apollo Global Management are in talks to form a joint bid to acquire Paramount, as the Hollywood studio conducts exclusive merger negotiations with Skydance. The potential deal with Skydance has faced investor pushback, prompting discussions of a joint bid with Sony to alleviate concerns about financing. The terms of the bid are still being worked out, and it's uncertain whether Sony and Apollo will make an offer for Paramount, but the bid would likely be an all-cash offer to take the company private through a joint venture.