"Apollo's $11 Billion Bid Boosts Paramount Global Stock"

Apollo Global has reportedly made an $11 billion bid for Paramount Global's film and TV studio, causing the company's stock to surge over 11%. The board is reviewing the offer, while other suitors like Skydance Media and Byron Allen are also in the mix. Paramount Global, battling streaming losses and high debt, has been a takeover target for months without any deal. Majority shareholder Shari Redstone has been reluctant to sell off the studio, complicating potential deals involving National Amusements, Warren Buffett, and Mario Gabelli. The company has stated it will consider all offers while undergoing retrenching and divesting non-core assets.