It was announced Wednesday morning via a press release on BusinessWire, a reputable forum for official corporate communication.

Steven Weiss, an EVP at Rubenstein Public Relations, was listed as the press contact.

Edgar Bronfman Jr.

Paramount Global

Paramount Global headquarters in New YorkMichael M. Santiago/Getty Images

Neither Weiss nor BusinessWire responded to a request for comment from Deadline.

Apex was billed as a conglomerate of financial institutions and financial services firms.

Skydance and its backers would acquire Paramount controlling shareholder National Amusements Inc. ahead of a full merger with Paramount.

Edgar Bronfman Jr., Paramount Studios

Paramount and its assets are a national treasure, and we intend to treat them accordingly.

There was no immediate response from Shari Redstones National Amusements, Paramount or Skydance.

Jill Goldsmith contributed to this report.