06:50 AM EDT, 04/04/2024 (MT Newswires) -- (Updates with additional details on Apollo Global Management's ( APO ) bids in the second paragraph.)

Paramount Global ( PARAA ) is in discussions about entering into exclusive talks over being acquired by media company Skydance, the New York Times reported late Tuesday, citing four people with knowledge of the talks.

Apollo Global Management ( APO ) had made an $11 billion bid to acquire Paramount's movie studio. Apollo later made a $26 billion all-cash offer to buy the entire company, the Wall Street Journal reported on Wednesday.

Paramount Global ( PARAA ), Skydance, and Apollo did not immediately respond to a request for comment from MT Newswires.

(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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