🔑Sony and Apollo have submitted nonbinding bids for Paramount, indicating serious interest in acquiring the studio.
🚀The bid from Sony and Apollo is different from previous indications of interest from Apollo alone.
💰The potential deal for Paramount is valued at $26 billion, including debt.
💡The acquisition could result in significant cost savings for Sony and provide opportunities for streamlining operations.
🔒The bids are being taken seriously by Paramount's special committee, which oversees the acquisition process.