APO - Why Paramount Global Shares Are Gaining Today | Benzinga
Paramount Global (NASDAQ:PARA) shares are trading higher following reports that suggest Sony Group Corporation (NYSE:SONY) is in talks with Apollo Global Management, Inc. (NYSE:APO) to enter a bid for the company.
The companies haven’t yet approached Paramount, which is currently in exclusive deal negotiations with Skydance Media, led by David Ellison, Reuters reported, citing a person familiar with the matter.
However, the report indicates that some investors advocate for Paramount to explore alternative options.
The rival offer, still in the process of being formulated, would propose ...