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Sony and Apollo plan to break up Paramount, NYT reports

FILE PHOTO: Hollywood's striking writers union reaches preliminary agreement with studios

(Reuters) - Sony Pictures Entertainment and private equity firm Apollo Global Management plan to acquire Paramount Global for $26 billion and break up the company, the New York Times reported on Wednesday, citing people familiar with the deal discussions.

(Reporting by Gursimran Kaur in Bengaluru; Editing by Shailesh Kuber)