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Apollo Global Offers $11 Billion to Buy Paramount Film and TV Studios: Report
Private-equity firm Apollo Global Management reportedly has submitted an $11 billion bid to acquire Paramount Pictures.
Apollo Global Management, a major private-equity firm, has submitted an $11 billion bid to acquire Paramount Pictures, according to a published report. It’s unclear how the math of Apollo’s reported offer works out, as that price tag is greater than the market capitalization of the entire company ($7.3 billion as of March 19). Shares of Paramount Global climbed more than 11% Wednesday on the Journal report.
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