Paramount Global (PARA) stock jumped Thursday after it was reported that private equity gꦿiant Apollo Management had offered $11 billion for its Hollywood studio.

The Wall Street Journal cited anonymous sources in a report about the bid, adding that the deal would not include other company assets, including CBS, and the company's streaming division. The reported offer from Apollo would exceed Paramount’s current 澳洲幸运5官方开奖结果体彩网:market capitalization wh꧃ich was around $8.65 billion after a 12% jump in the company’s share price on Thursday.

The news follows months of speculation surrounding the future of Paramount. There were a 澳洲幸运5官方开奖结果体彩网:potential merger with Warner Bros. Discovery (WBD) in December. That was followed a month later by reports of a 澳洲幸运5官方开奖结果体彩网:$30 billion offer from entrepren🗹eur Byron Allen’s Allen Media Group, to acquire the company’s outstanding stock and debt.

Skydance CEO David Ellison had also reportedly been seeking to take Paramount Global private by pursuing the controlling stake owned by Shari Redstone through her family’s holding company National Amusements. Skydance had reportedly been particularly keen on the Hollywood studio assets when it first approached the Redstone family.