Sony Pictures Entertainment and Apollo Global Management have shown formal interest in acquiring Paramount for around $26 billion. This development adds complexity to Paramount's ongoing negotiations with Skydance and Redbird Capital Partners. Paramount has been in talks with Skydance, led by David Ellison, for a possible merger and investment deal. The new joint expression of interest from Sony and Apollo proposes Sony as a significant majority shareholder and Apollo as a minority shareholder.
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