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Paramount opens acquisition talks with Sony, Apollo: NYT

Seana Smith and Brad Smith

Paramount Global (PARA) has initiated acquisition conversations with Sony (SONY) and Apollo Global Management (APO) after the exclusivity agreement with Skydance Media ended, according to a report from The New York Times. The report also details that while the exclusivity deal has ended, the special committee behind the potential acquisition is still evaluating all offers on the table.

Yahoo Finance Senior Reporter Alexandra Canal joins The Morning Brief to discuss the report and its implications for all companies involved moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Nicholas Jacobino

Disclosure: Apollo Global Management is the parent company of Yahoo Finance.