Apollo Global Management, LLC Class A Aktie News

Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison's studio and its backers take control of the storied film and television company owned by Shari Redstone.

Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo's bid for Paramount. The beleaguered stock ended the day at $12.44 after registering more than twice its normal trading volume.

Paramount is currently engaged in exclusive deal talks with Skydance Media, though some investors have urged Paramount to explore other options.

Paramount Global (PARA) shares soared close to 8% in early trading Friday after The New York Times reported that Sony Group's (SONY) studio division was in talks with Apollo Global Management about joining a bid for the media giant.

Paramount Global (NASDAQ:PARA) shares surged on reports private equity firm Apollo Global Management (NYSE:APO) and Sony Group Corp (NYSE:SONY) are considering a joint bid for the media company.   A person familiar with the matter told media outlets that Sony Pictures Entertainment chief Tony Vinciquerra has been in talks with Apollo over the last week about working together on an offer.

Sony Pictures Entertainment and Apollo Global Management are discussing making a joint bid for Paramount Global , according to a person familiar with the matter.

Sony Group and Apollo Global Management are in talks to team up on a bid for Paramount Global, sources told The Post on Thursday.

Shares of Paramount Global traded higher following a report that Sony's movie studio division is in talks with Apollo Global Management about joining a bid for Paramount.