Apollo Global Management, Inc. (APO-PA)

NYSE - NYSE Delayed price. Currency in USD

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64.63

+0.98

(+1.54%)

At close: 04:00PM EDT

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The companies are, however, backing away from an initial plan to make an all-cash $26 billion offer for Paramount, the newspaper said. Reuters reported this month that Paramount was in talks to open its books to a consortium of the Sony movie unit and the U.S. buyout firm. CNBC later reported that Sony was rethinking its bid, sending Paramount's shares tumbling and helping the Japanese firm's shares surge after upbeat earnings.