Apollo Global Management, a major private-equity firm, has submitted an $11 billion bid to acquire Paramount Pictures and the Paramount TV studios group, according to a published report.
The Wall Street Journal, citing anonymous sources, reported that Apollo Global offered $11 billion for Paramount Global’s film and TV studio business. That would apparently not include CBS, Paramount Global’s cable networks like BET, Comedy Central, Nickelodeon and MTV, or the streaming business unit that includes Paramount+ and Pluto TV.
