Apollo Global Management, LLC Class A Aktie News

Sony would be the majority shareholder and Apollo would have a minority stake, a source told the AP.

Shares in media giant, whose chief executive Bob Bakish was this week ousted amid reports of clash with Shari Redstone, spike 12%

Sony and Apollo expressed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.

Sony Pictures and private equity firm Apollo Global Management have submitted a $26 billion offer for Paramount Global, The Wall Street Journal reported Thursday, the latest bid for the entertainment conglomerate, whose shares have spiked with news of potential takeovers in recent months.

Partners Sony and Apollo have formally reached out to Paramount's special board committee asking to discuss a potential $26 billion offers. It comes Par's exclusive negotiating window with David Ellison's Skydance is set to expire. Paramount share jumped 12% on the news. Investors would vastly prefer a Sony deal to Skydance.

Sony Pictures and Apollo Global Management have submitted an all-cash, $26 billion offer for Paramount Global, marking the second time the private-equity firm has come in with a bid for the entertainment giant.

Sony and Apollo Global Management are reportedly bidding big for Paramount. Sony and the private equity firm teamed up for an all-cash offer of $26 billion for Paramount Global, The Wall Street Journal reported on Thursday.

Sony Pictures and Apollo Global Management Inc. have submitted a $26 billion cash offer for Paramount Global.