As Paramount (PARA) entered exclusive talks to sell itself to Skydance, another suitor emerged, Lauren Hirsch and Benjamin Mullin of The New York Times report. Apollo Global (APO) told Paramount it was interested in acquiring the company for more than $26B, including its debt, two people with knowledge of the matter told the Times. Paramount decided to not engage with Apollo’s overture, since doing so could have derailed advancing negotiations with Skydance, one person explained to the Times.
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