Apollo Makes $11 Billion Bid for Paramount Studio Assets, Sparking Deal Speculation

• Apollo made $11B offer for Paramount's film and TV studio, higher than market cap • Paramount share price closed up nearly 12% on news to $12.51 • Deal does not include other Paramount businesses like CBS, BET, cable channels • Apollo bid seen as more serious than other recent interest in Paramount • Deal could pressure others interested in Paramount and Redstones on company's fate