FILE PHOTO: The logo of Paramount Pictures studios is pictured after the Writers Guild of America said it reached a preliminary labor agreement with major studios in Los Angeles, California, U.S., September 24, 2023.
Reuters reported this month that Paramount was in talks to open its books to a consortium of the Sony movie unit and the U.S. buyout firm. CNBC later reported that Sony was rethinking its bid, sending Paramount's shares tumbling and helping the Japanese firm's shares surge after upbeat earnings. Paramount declined to comment on the report, while Sony and Apollo did not immediately respond to a request for comment late Friday.
Source: Entertainment Trends (entertainmenttrends.net)
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