For months, reports have been circulating online that Paramount Global may be teaming up with Warner Bros Discovery to make a name for itself in the streaming market. Nothing came of these plans, but not because the company is not considering selling its stake.
The corporation is looking for someone who is not only willing to shell out the required amount, but also to combine streaming platforms, since Paramount owns Paramount+ and is also a co-owner of SkyShowtime.
Looks like an interested party has been found. Paramount, which changed its CEO a few days ago, is said to have received an offer from private equity firm Apollo Global Management and Sony Pictures Entertainment. The two sides have submitted a $26 billion offer, according to The Wall Street Journal.
The offer comes as Paramount Global is in talks over a potential merger with Skydance Media, which has priority in negotiations. A company owned by David Ellison offered $3 billion.
Paramount Global currently declines to comment on this issue. But if the deal goes through, Sony will gain rights to brands such as Mission: Impossible, Star Trek, G.I Joe and Transformers.
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Cover author: Meups. Cover source: Meups