07:10 AM EDT, 05/09/2024 (MT Newswires) -- Paramount Global ( PARAA ) is in talks with a consortium of Sony Pictures (SONY) and private equity firm Apollo Global Management ( APO ) about opening its books ahead of a possible $26 billion takeover bid, Reuters reported, citing unnamed sources.

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Paramount and its potential suitors are discussing the terms of a confidentiality agreement that would allow the sharing of commercially sensitive information, the sources told Reuters.

Paramount is currently entertaining a buyout offer from Skydance Media and the bid by Sony ( SONY ) and Apollo.

Sony ( SONY ), Apollo, and Paramount did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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