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According to one dealmaker, the Apollo idea is to potentially merge Paramount and Legendary into a single studio—combining the theatrical distribution capabilities of the former with the production and franchise assets of the latter. @MattBelloni reports. https://t.co/qsWZsx4YN6
Apollo's reported interest in Paramount studio puts deal 'back in favor' https://t.co/rHUj1IJkrF
New @PuckNews: Legendary Entertainment is also bidding for Paramount. The logistics and ramifications ⬇️⬇️ https://t.co/hspwYTJBcp
Apollo Global Management has made an $11 billion bid to acquire Paramount Global's Hollywood studio, sparking a potential bidding war. Shari Redstone, a key figure in Paramount, reportedly prefers a rival deal over Apollo's offer, causing fluctuations in Paramount's stock. Legendary Entertainment is also entering the bidding for Paramount, adding complexity to the situation.