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- Apollo and Sony made a $26 billion all-cash offer to buy Paramount, WSJ reportd.
- The Apollo bid is led by the 37-year-old partner behind a $760 million deal for Legendary Entertainment.
- Rival bidder, film studio Skydance, has been trying to win over Paramount for months.
Sony and Apollo Global Management are reportedly bidding big for Paramount.
Sony and the private equity firm teamed up for an all-cash offer of $26 billion for Paramount Global, The Wall Street Journal reported on Thursday.
The bid was officially sent on Wednesday, the Journal reported, based on anonymous sources. Sony and Apollo's offer was nonbinding, according to the Journal