Sony and Apollo plan to break up Paramount, NYT reports

7:20 pm Wednesday, May 08th, 2024

(Reuters) – Sony Pictures Entertainment and private equity firm Apollo Global Management plan to acquire Paramount Global for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar with the deal discussions.

(Reporting by Gursimran Kaur in Bengaluru; Editing by Shailesh Kuber)

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