Paramount Pictures: Apollo Global Offers $11 Billion Acquisition Bid – What Does This Mean for Hollywood?
Los Angeles, California – Apollo Global Management, a prominent private-equity firm, has made a significant $11 billion bid to acquire Paramount Pictures and the Paramount TV studios group, according to a report. Sources cited by The Wall Street Journal revealed that Apollo Global offered $11 billion for Paramount Global’s film and TV studio business, excluding CBS and other cable networks like BET, Comedy Central, Nickelodeon, and MTV, as well as streaming services Paramount+ and Pluto …