Sony Pictures and investment firm Apollo Global Management have submitted an all-cash offer of $26 billion to acquire Paramount Global, the Wall Street Journal reports today. The New York Times also reports that Sony and Apollo sent a letter that served as a "nonbinding expression of interest" this week. It would make Sony a significant majority and controlling shareholder, with Apollo as a minority shareholder, reports the NYT. It was first reported last month that Sony was in talks to join a joint bid with Apollo to buy the company.