Sony Approached CBS About Buyout of Its ‘Jeopardy!’ Deal (1)

Sony Group Corp. approached CBS earlier this year with an offer to buy it out of a long-running agreement to distribute the popular game shows Wheel of Fortune and Jeopardy!, according to a person familiar with the discussions.

The offer was greater than nine figures, according to the person, who asked to not be identified discussing private talks.

On Thursday, Sony’s TV arm switched gears and sued CBS, a division of Paramount Global, saying it breached the terms of their contract and was under-performing in its sales efforts.

Sony, the producer of the programs, claims CBS has made ...