NEW YORK, July 13, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP is investigating whether the Paramount Global (Nasdaq:PARA) merger transaction is fair to minority shareholders, who are being offered up to $15 per share in exchange for their Paramount Class B Shares. Why is Paramount being investigated by BFA Law? As part of the merger transaction, Class A shareholders are entitled to elect to receive $23 per share in cash. Class B shareholders, however, are entitled to elect to receive a ...

Billionaire investor Mario Gabelli's investment firm is seeking more details about the valuation of National Amusements assets, the investor told Reuters on Friday, signaling the firm may challenge a landmark entertainment industry deal inked this week. Skydance Media and Paramount Global agreed on Sunday to merge, in a deal that would entail Skydance acquiring the Redstone family's holding company, National Amusements, which owns a controlling stake in Paramount. Gabelli Funds, which owns nearly 4.9 millio ...

A live audio webcast will be available on Paramount's Investors homepage at ir.paramount.com beginning at 4:30 p.m. (ET) on August 8. An audio replay of the call will be available beginning at 7:30 p.m. (ET) on August 8 in the Events, Webcasts & Annual Meetings section of Paramount's Investors homepage, and at 866-813-9403 using access code 190402. To automatically receive Paramount's latest financial news by email, please visit the Investors homepage and subscribe to email alerts. About Paramount For more ...

Following its hugely successful launch in the UK last summer, the NickWatch makes its American debut during the Nickelodeon Kids' Choice Awards this Saturday, July 13 Safety and fun come together with this innovative device, which includes an array of games and experiences from hit franchises like SpongeBob SquarePants and Teenage Mutant Ninja Turtles, along with renowned safety features for caregivers, such as live GPS tracking. LOS ANGELES, July 12, 2024 /PRNewswire/ - NickWatch, the smartwatch with renow ...

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP is investigating whether the Paramount Global (Nasdaq:PARA) merger transaction is fair to minority shareholders, who are being offered up to $15 per share in exchange for their Paramount Class B Shares. Shareholders are encouraged to submit their information to find out about their rights. On July 7, 2024, Paramount Global announced that it had entered into a merger transaction with a consortium led by Skydance Media, RedBir ...

Core Insights - Nickelodeon is celebrating the 25th anniversary of SpongeBob SquarePants with a large-scale tribute at Comic-Con International: San Diego 2024, featuring immersive experiences and panels [10][21] - The event includes a 1,800 square-foot booth recreating the "Help Wanted" episode, along with various interactive activities and merchandise [10][16] - Paramount+ serves as the streaming home for SpongeBob fans, offering extensive Bikini Bottom content [15] Nickelodeon Overview - Nickelodeon, now in its 45th year, is the leading entertainment brand for children, encompassing television programming, consumer products, digital experiences, and feature films [7] - The brand has built a diverse global business by prioritizing children's interests [7] SpongeBob SquarePants Highlights - Since its launch on July 17, 1999, SpongeBob SquarePants has been the most-watched animated series for 22 consecutive years, with a global fan base and extensive merchandise [21] - The show has been translated into over 30 languages and reaches more than 90 million viewers quarterly [21] Comic-Con Activities - The Comic-Con booth features interactive elements such as a slow-motion video opportunity, a virtual game, and a retail area for exclusive merchandise [17][20] - Nickelodeon will host two panels, including a special celebration of SpongeBob's origins and a discussion on the Avatar series [11][19] Paramount+ Overview - Paramount+ is a direct-to-consumer streaming service that combines live sports, breaking news, and a vast library of entertainment content from various brands, including Nickelodeon [8]

On July 7, 2024, Paramount Global announced that it had entered into a merger transaction with a consortium led by Skydance Media, RedBird Capital, and the Ellison Family (the "Skydance Consortium"). Minority shareholders will have no say over the merger transaction, as National Amusements, which controls nearly 80% of Paramount voting stock, is apparently unwilling to subject the merger to a vote of minority shareholders. Shareholders are encouraged to submit their information to find out about their right ...

Paramount Global (NASDAQ:PARA) said it finally reached an agreement to be acquired by privately held Skydance Media. The sides had been negotiating for months. The most important part of the deal is a 45-day "go shop" period. This period allows the Paramount board time to find a better bid. PARA Stock: What Happens Next? On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. The deal is complex, and PARA stoc ...

The merger agreement includes a 45-day "go-shop" period, which permits the Special Committee and its representatives to actively solicit and consider alternative acquisition proposals. There can be no assurance that this process will result in a superior proposal, and the Company does not intend to disclose developments with respect to the go-shop process unless and until it determines such disclosure is appropriate or is otherwise required. Further information regarding terms and conditions contained in th ...

Paramount Class A Stockholders to Receive $23 Per Share in Cash/Stock Election, Class B Stockholders to Receive $15 Per Share in Cash/Stock Election; Cash Consideration Available to Public Shareholders Totals $4.5 Billion New Paramount will be a creative-driven destination for storytellers dedicated to delivering top-quality content Skydance will merge with Paramount in an all-stock transaction, valuing Skydance at $4.75 billion; Skydance equity holders will receive 317 million Class B Shares valued at $15 ...