Apollo Global Management and Sony Group are considering joining forces to acquire film and television giant Paramount, which means they may compete with tech giant David Ellison. According to a source familiar with the matter, Sony Pictures Entertainment CEO Tony Vinciquera discussed this cooperation with Apollo in the past week, but the two sides have yet to issue an official proposal. Since the incident was not disclosed, people familiar with the matter did not wish to be named. As the parent company of film and television networks such as CBS and MTV, Paramount is in exclusive negotiations with Skydance Media, an independent film and television company led by Ellison. According to reports on Thursday, the Sony Apollo consortium will use cash in exchange for Paramount shares to privatize Paramount through a joint venture. (Global Market Report)