Sony and Apollo take key step in bid for Paramount's assets

Sony Pictures Entertainment and Apollo Global Management have signed nondisclosure agreements with Paramount to acquire the company for $26 billion, amid competition from Skydance and National Amusements. Paramount, with assets like CBS, is facing pressure from Shari Redstone to sell the entire company. George Cheeks, Chris McCarthy, and Brian Robbins are interim executives at Paramount following Bob Bakish's departure.