Apollo Global Management Inc (NYSE:APO) has placed an $11 billion bid to purchase the film and TV studio of Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA), outpacing the company’s entire market value of approximately $7.7 billion.
This proposal is part of a broader review by Paramount’s independent committee.
It is also considering a merger offer from Skydance Media, aiming to integrate the entirety of Paramount, including its holdings like CBS and Nickelodeon, the Wall Street Journal reports.
Also Read: India’s Richest Man Buys Paramount’s Entire Stake In His Broadcasting Unit Viacom18 For $570M
Paramount’s studio, known for hits like “Top Gun: Maverick” and “A Quiet Place,” has attracted interest from various buyers over the years, including Netflix Inc (NASDAQ:NFLX).
However, Paramount Global’s primary stakeholder, Shari ...