Sony and Apollo plan to break up Paramount, NYT reports

Sony and Apollo plan to break up Paramount, NYT reports (Image: REUTERS)

VoM News Desk | May 9, 2024 | 05:31 AM IST | Breaking News | Follow on Google News

Sony and Apollo plan to break up Paramount, NYT reports

Sony and Apollo plan to break up Paramount, NYT reports

May 8 (Reuters) – Sony Pictures Entertainment (6758.T), opens new tab and private equity firm Apollo Global Management (APO.N), opens new tab plan to acquire Paramount Global (PARA.O), opens new tab for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar with the deal discussions.

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