Private equity firm Apollo Global Management has offered $11 billion for Paramount Global’s film studio, Paramount Pictures, adding to the takeover interest for the media conglomerate.
Apollo had also reached out to a special committee formed by Paramount about a possible takeover or asset purchases, Axios News had reported earlier in March.Paramount Studios has attracted interest from many suitors over the years, though the media conglomerate’s controlling shareholder, Shari Redstone, has been reluctant to part with the studio.
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