Private equity is trying to help Sony buy Paramount, but Jeffrey Katzenberg believes private equity may be the reason that Sony can't buy Paramount. Why it matters: Katzenberg isn't just a former Hollywood media mogul and current tech investor.

Merger and acquisition talks around Paramount Global have been making headlines since the company reported $286 million in streaming losses in the first quarter.

After letting exclusive talks with the movie studio Skydance lapse, Paramount’s directors met over the weekend and decided to negotiate with all the suitors.