More from Paramount’s merger: all the news on the drawn-out takeover drama
Apollo Global Management, a private equity firm that owns the majority of Yahoo, is discussing a takeover or asset purchase with Paramount, according to a report from Axios.
Rumors about a potential Paramount merger or sale have been swirling for months. Skydance Media is also reportedly in the running to purchase Paramount’s parent company, while Warner Bros. Discovery’s rumored deal is on pause. Meanwhile, reports suggest Comcast is looking into offering a Peacock streaming bundle with Paramount Plus as well.
Warner Bros. Discovery has stopped pursuing an acquisition of Paramount, sources tell CNBC. However, other potential buyers are reportedly still exploring a deal to acquire Paramount, including the production company Skydance Media and media mogul Byron Allen.
Although Comcast isn’t interested in buying Paramount Global, CNBC reports that the company is still looking into a partnership with the brand, which could involve bundling or merging streaming services.
