"Paramount's Stock Surges on Sony-Apollo Buyout Talks"

Paramount Global shares surged 13% as Sony Pictures Entertainment considers joining Apollo Global Management's bid for Paramount, with investors showing enthusiasm for the potential scenario. Meanwhile, Skydance Media, backed by RedBird Capital, is in exclusive negotiations with Paramount's controlling shareholder, National Amusements. The market value of Paramount is around $8.5 billion, and there are ongoing uncertainties about the shape of potential deals, with Apollo making separate overtures for Paramount Pictures. The ultimate direction of a deal remains uncertain, with Shari Redstone's stake and potential litigation posing challenges.