Sony and Apollo plan to break up Paramount, NYT reports
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FILE PHOTO: The logo of Paramount Pictures studios is pictured after the Writers Guild of America (WGA) said it reached a preliminary labor agreement with major studios in Los Angeles, California, U.S., September 24, 2023. REUTERS/David Swanson/File Phot
(Reuters) - Sony Pictures Entertainment and private equity firm Apollo Global Management plan to acquire Paramount Global for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar with the deal discussions.
(Reporting by Gursimran Kaur in Bengaluru; Editing by Shailesh Kuber)
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