"Sony and Apollo Consider Joint Bid for Paramount Global"

Sony Corp. and Apollo Global Management are considering a joint bid for Paramount Global, potentially partnering to take the entertainment company private, with Sony owning a majority stake. This move comes as Paramount holds exclusive talks with Skydance and Redbird Capital. The potential deal raises questions about the future of Paramount's streaming and linear TV assets, as well as regulatory considerations due to Sony's foreign ownership. Meanwhile, Skydance has articulated a plan to deliver operating efficiencies and leverage executive teams to turn Paramount around, while some investors have expressed disappointment over the decision not to pursue Apollo's all-cash offer.