Paramount pops on reports of Apollo, Sony $26B takeover bid

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Shares of Paramount (PARA) experienced a surge in Thursday's trading session after reports that Sony (SONY) and Apollo Global (APO) have submitted a $26 billion all cash takeover offer for the media giant. Yahoo Finance's Alexandra Canal dives into the details of the proposed deal.

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This post was written by Angel Smith

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

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