10:24 AM EDT, 03/12/2024 (MT Newswires) -- (Updates with Paramount Global's ( PARAA ) response in the third paragraph.)

Apollo Global Management ( APO ) reached out to Paramount Global ( PARAA ) for a possible acquisition or asset purchase, Axios reported Tuesday, citing two unnamed sources familiar with the matter.

Apollo may also end up bidding only for select assets of Paramount, the report added, citing the sources.

Paramount declined MT Newswires' request for comment, while Apollo did not immediately respond.

(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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