Sony and Apollo are reported to have signed a confidentiality agreement with Paramount, taking a critical step towards bidding

Breakings ·  May 18 09:51

People familiar with the matter revealed that Sony Pictures Entertainment (Sony Pictures Entertainment) and Apollo Global Management (Apollo Global Management) have taken an important step in their efforts to win Paramount. People familiar with the matter said the two companies have signed a confidentiality agreement with Paramount to allow them to view Paramount's non-public financial information to discuss ongoing negotiations. Earlier this month, Sony and Apollo issued a non-binding letter of intent to Paramount, hoping to buy Paramount for $26 billion. (Reuters)

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