Sony, Apollo plans to acquire Paramount

Sony Pictures Entertainment and Apollo Global Management are exploring the possibility of teaming up for a joint bid to acquire Paramount, a move that could reshape the media industry.

While Paramount continues exclusive discussions with Skydance, Sony and Apollo’s potential bid has gained attention, offering operational expertise and additional capital.

Discussions between Sony’s CEO Tony Vinciquerra and Apollo have revolved around an all-cash offer to take Paramount private through a joint venture structure.

The terms of the bid are still under negotiation, with Sony likely to operate Paramount as a label within its media empire if successful.

Meanwhile, Skydance’s proposal for Paramount aims to leverage tech and animation expertise to enhance streaming capabilities, attracting investor attention and causing Paramount’s shares to rise significantly.