Apollo Global Offers $11 Billion for Paramount Pictures and TV Studios

• Apollo Global Management has reportedly offered $11 billion to acquire Paramount Pictures and Paramount TV studios • The offer does not include CBS, Paramount's cable networks, or its streaming services • The $11 billion offer is more than Paramount Global's total market valuation of $7.3 billion • Paramount Global has been exploring M&A options and partnerships recently amid financial struggles • Apollo Global is a major private equity firm with over $75 billion in assets under management