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Paramount’s merger: all the news on the drawn-out takeover drama

Paramount has many suitors to choose from.

As the media industry contends with strings of layoffs, a changing business landscape, and a shift toward more ads in streaming, reports have started to emerge that Paramount is looking to join forces with another company. Apollo Global Management, a private equity firm that owns the majority of Yahoo, is discussing a takeover or asset purchase with Paramount, according to a report from Axios. Although Comcast isn’t interested in buying Paramount Global, CNBC reports that the company is still looking into a partnership with the brand, which could involve bundling or merging streaming services.

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