Sony and Apollo submit $26 billion bid for Paramount, reveals the WSJ

Hacks at the Wall Street Journal have just landed a decent scoop about the long running Paramount Global sale talks.

According to the WSJ, Sony Pictures and Apollo, the private equity giant, have submitted an all cash $26 billion offer for Paramount, the US-listed media and entertainment conglomerate, just as the its exlusive negotiations with Skydance conclude...