Paramount Global (NASDAQ: PARA), the media conglomerate behind Paramount Pictures, CBS, and various cable networks, has rebuffed a substantial $27 billion acquisition offer from private-equity firm Apollo Global Management. Sources close to the bid revealed that despite the lucrative proposal, Paramount’s board special committee tasked with evaluating merger and acquisition opportunities opted not to engage … Continue reading Paramount Global Declines $27 Billion Acquisition Bid from Apollo Global Management