Skydance has been vying to buy Paramount.
The private equity giant teamed up with Sony for a $26 billion bid.
AdvertisementApollo Global Management and Sony have teamed up to buy Paramount for $26 billion, according to reports on Thursday.
The all-cash offer has been submitted to Paramount's board, a person close to the negotiations confirmed to Business Insider.
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Persons:
Skydance, Aaron Sobel, —, David Ellison, Larry Ellison
Organizations:
Paramount, Sony, Service, Global Management, Business, Skydance Media