Sony and Apollo's Plan for Paramount: Break It Up

Sony Pictures Entertainment and Apollo Global Management have shown interest in acquiring Paramount Global, with plans to dismantle the media conglomerate. Their strategy involves auctioning off assets like CBS, MTV, and the Paramount Plus streaming service, while merging Paramount Pictures with Sony's existing operations. This potential acquisition, valued at $26 billion, could significantly alter the entertainment landscape, shifting control from the Redstone family who have been at the helm for decades.