Shares in media giant, whose chief executive Bob Bakish was this week ousted amid reports of clash with Shari Redstone, spike 12%
Paramount Global’s share price soared on Thursday following a report that Sony Pictures and Apollo Global Management had made a $26bn offer for the troubled media giant.
According to the Wall Street Journal, the offer was made on Wednesday by Sony chief executive Tony Vinciquerra and Aaron Sobel, a partner at Apollo. Paramount’s shares spiked 12% on the news.
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