Apollo allegedly in talks to buy Paramount - Breaking The News

Apollo allegedly in talks to buy Paramount

12 March

1 min read

EPA-EFE/ALLISON DINNER

Apollo Global Management Inc. is interested in acquiring Paramount Global, Axios reported on Tuesday. According to two sources familiar with the matter, the private equity firm approached Paramount's special committee and could also make an asset purchase deal.

Paramount Global was put up for sale in January. Several media giants reportedly expressed interest, including Warner Bros. Discovery, Allen Media Group (AMG) and Comcast.

Paramount's shares jumped 2.93% at market open.

mergers and acquisitions apollo paramount global

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