Sony and Apollo plan to break up Paramount, NYT reports-June 2024-www.financetom.com

Sony and Apollo plan to break up Paramount, NYT reports

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Sony and Apollo plan to break up Paramount, NYT reports

May 8, 2024 4:45 PM

(Reuters) - Sony Pictures Entertainment and private equity firm Apollo Global Management ( APO ) plan to acquire Paramount Global ( PARAA ) 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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