Sony and Apollo Take Key Step in Bid for Paramount’s Assets

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer. Paramount Global, Paramount Pictures, Apollo Global Management, Sony Corporation, Skydance Productions LLC, Redstone, Shari, Mergers, Acquisitions and Divestitures, Media, Television, Movies The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer. NYT > Business

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