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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.
The bid was officially sent on Wednesday, the Journal reported, based on anonymous sources. Sony and Apollo's offer was nonbinding, according to the Journal.
Skydance Media and its largest private-equity backer RedBird...