On April 18, 2024, rumors began to circulate that Sony Pictures and Apollo Global Management were interested in jointly acquiring Paramount Global. Sony and Apollo presented a $26 billion all-cash offer to acquire Paramount Global on May 5, 2024. [ 93 ] According to The New York Times, the board of directors of Paramount Global formally commenced negotiations with Sony and Apollo over the possible sale of the company. [ 94 ] If the deal is finalized, Sony will rank third in worldwide film studio rankings, behind The Walt Disney Company and NBCUniversal. In the US and Canada alone, Sony would have a 20.81% market share. [ 95 ] On June 3, 2024, Paramount Global reportedly agreed to change mergers from Sony to Skydance Media for $8 billion. Skydance would first acquire National Amusements, which controls 80% of the voting shares of Paramount and then pump cash into Paramount, which would then acquire Skydance.