Apollo Global Management offers to buy Paramount Global's Hollywood studio for $11B, potentially breaking up the media giant.
Private equity firm Apollo Global Management has offered to buy Paramount Global's Hollywood studio for $11 billion, according to the Wall Street Journal. The potential sale would break up Paramount Global, a media giant that owns a range of TV networks including CBS, MTV, and Nickelodeon. The $11 billion offer exceeds Paramount Global's current stock market value, which is collectively valued at more than $8 billion.
March 20, 2024
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