Sony, Apollo Propose Buying Paramount Global in $26 Billion Deal

Sony, Apollo Propose $26 Billion Deal for Paramount Global Sony Group Corp. and Apollo Global Management Inc. made a $26 billion proposal to buy Paramount Global, the media giant that owns CBS and MTV, according to people with knowledge of the matter. The offer was described as a nonbinding expression of interest, said the people, who asked not to be identified discussing a preliminary proposal. It would be an all-cash offer for Paramount shares, plus the assumption of debt.