Paramount Global merges with Skydance Media

Paramount Global agrees to merge with Skydance Media, handing control of the Hollywood studio to producer David Ellison. The deal involves Paramount Chair Shari Redstone selling her family’s National Amusements Inc. for $2.4 billion. The Ellison family and RedBird Capital Partners will invest over $8 billion in the business, aiming to fortify Paramount for the future.

National Amusements Ends Deal Discussions with Skydance Media

National Amusements, controlled by Shari Redstone, has ended deal discussions with Skydance Media, impacting Paramount Global. The failed merger talks have led to a drop in Paramount's shares.

Paramount Global executive changes and potential sale to Skydance Media

Skydance mogul David Ellison is making a play for Shari Redstone's empire, leading to executive changes at Paramount Global. Analysts are closely watching the situation as a potential sale looms.

Paramount Global and Skydance Media Merger Speculation

Chief Executive Bob Bakish is out at Paramount Global, sparking speculation of a merger with Skydance Media. Analysts are skeptical about the future of the company, citing debt, declining TV business, and potential shareholder drama. The company has faced challenges in the entertainment industry, including pressure for streaming profits and layoffs.

Bob Bakish stepping down as CEO of Paramount Global amid M&A drama

Bob Bakish is expected to step down as CEO of Paramount Global amid M&A drama. Paramount's board is in exclusive acquisition talks with Skydance Media and RedBird Capital. Bakish's exit is tied to his opposition to the merger plan with Skydance.

Paramount Global Merger with Skydance Media

Paramount Global, parent company of CBS and MTV, is nearing a deal to merge with independent producer David Ellison's Skydance Media. Redstone, Paramount's controlling shareholder, has tentatively agreed to sell her stake to Skydance. Paramount has faced challenges with declining viewership and costly streaming service development.