News of the debate was first reported by the New York Times. Sources close to the situation confirmed the conversations but warned there are a number of hurdles that must be overcome before both teams can formally submit an offer. Apollo previously made a standalone offer of $26 billion to Paramount, and before that a standalone offer of $11 billion to Paramount Pictures movie studio.
Paramount Global is currently in the midst of an exclusive 30-day negotiation period with Skydance Media.
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