Apollo Global Management Inc. and Sony Group Corp. Eye Joint Bid for Paramount Global, Triggering Share Surge and Potential Bidding War with Ellison
Los Angeles, California – Investment firm Apollo Global Management Inc. and entertainment conglomerate Sony Group Corp. are reportedly exploring a potential joint bid for Paramount Global, a move that has caused a surge in the stock of the renowned film and TV company. This development comes as speculation grows about the possibility of a bidding war involving tech entrepreneur David Ellison. According to sources familiar with the matter, discussions have taken place between Tony Vinciquerra, …