Sony Pictures, Apollo Offer to Buy Paramount Global for $26 Billion in Cash

Sony Pictures Entertainment and Apollo Global Management have proposed a $26 billion all-cash buyout to take Paramount Global private. This offer includes debt assumption and surpasses Paramount's current $22 billion value. The bid challenges an existing proposal from Skydance Media, which aims to merge with Paramount and keep it public. Paramount's board, with a special M&A committee, is considering these offers amidst leadership changes and strategic evaluations.