Paramount Global to Pursue Simultaneous Talks with Sony/Apollo and Skydance as M&A Drama Drags On

Paramount Global is back in negotiations with two potential suitors, Skydance Media and a joint offer from Sony Pictures Entertainment and Apollo Global Management, after a failed exclusive deal with Skydance. The ongoing merger and acquisition saga involves complex discussions amidst regulatory and shareholder concerns.

Meanwhile, Paramount Global faces internal changes with a new interim CEO office established following the resignation of CEO Bob Bakish. This shift has sparked discussions about the company's future, either as a standalone entity or under new ownership, impacting employee morale and stock prices.