The stock heading into market close is up over 11% at $12.48 in heavier than usual volume.
Thats still half of where it was a year ago as the company battles streaming losses and high debt.
Its been a takeover target for months now without any deal.
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The WSJ cited people familiar with the situation saying the board is reviewing the Apollo offer.
Deadline has heard thatEllison has fielded a bid for the whole companybut no details.
After all, Larry Ellison did clip the wings of Megan Ellisons Annapurna after it was bleeding.
The Bob Bakish-led company has said it will entertain all offers.
Meanwhile, its retrenching, including a big round of layoffs recently.
Its also divesting non-core assets, including the sale of Viacom18 to Indias Reliance Group for $517 million.
National Amusements, Paramount and Skydance reps declined to comment.
Apollo wasnt immediately available.
