After months of negotiations, Paramount's controlling shareholder Shari Redstone has broken off merger talks with David Ellison's Skydance, according to the WSJ. As of this weekend talks were intense but there were a few major sticking points, one said to be over which party party would assume legal liabilities in the case of shareholders lawsuits. The two sides have been deep in discussions during and after a one-month exclusive negotiating period and Redstone at one point favored the deal, which called fo ...

The Paramount logo is displayed at Columbia Square along Sunset Blvd in Hollywood, California, on March 9, 2023. National Amusements has stopped talks with Skydance on a proposed merger with Paramount Global, CNBC's David Faber reported Tuesday. National Amusements, which is owned by Shari Redstone, the controlling shareholder of Paramount, had previously agreed to terms of a merger with a consortium that includes David Ellison's Skydance, and private equity firms RedBird Capital and KKR. The deal had been ...

The offers from Bronfman and Paul for Redstone's stake in Paramount are said to be higher. Paramount's studio in Los Angeles Dominic Patten/Deadline Yet another name has surfaced in the Paramount Global scrum as former entertainment executive and beverage billionaire Edgar Bronfman Jr. is eyeing control of the company in a deal scenario with multiple moving pieces even as Shari Redstone's camp remains deep in talks with Skydance. Takeover speculation has engulfed Paramount since last October and Skydance su ...

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Former media executive Edgar Bronfman Jr., backed by private equity firm Bain Capital, has expressed interest in buying Paramount's controlling shareholder National Amusements, the Wall Street Journal reported Monday. Paramount's controlling shareholder National Amusements is weighing an offer from Skydance Media. REUTERS National Amusements did not immediately respond to a Reuters request for comment, while Bain Capital declined to comment. Edgar Bronfman Jr. is looking to offer between $2 billion and $2.5 ...

Chicago, IL – June 10, 2024 – Today, Zacks Equity Research discusses Disney (DIS) , Paramount Global (PARA) and Reservoir Media (RSVR) . Link:https://www.zacks.com/commentary/2285265/3-media-stocks-to-watch-from-a-prospering-industry Advertising remains a significant revenue stream for media industry participants. Additionally, the burgeoning metaverse presents a promising market for media companies to explore. Subscription prices present potential for growth, driven by an expanding subscriber base. However ...

Paramount Global controlling shareholder Shari Redstone received the fewest votes among other directors in the company's board election, a filing on Friday showed. The company has been grappling with a decline in its traditional television business, while the video streaming service it launched to capture viewers has yet to recover lost revenue. election to the board, the lowest out of the six candidates Getty Images Shari Redstone received 32.2 million votes for her Skydance CEO David Ellison reduced his i ...

Speculation abounds — that it may just be hard for Redstone to pull the trigger on a sale of the company her father built over decades, or that giving up mogul status is tough to do. She'll will be showing up at Allen & Co's annual Sun Valley retreat in July once again alongside Disney CEO Bob Iger, CAA's Bryan Lourd, OpenAI CEO Sam Altman, Meta's Mark Zuckerberg, Microsoft founder Bill Gates and more. With all this in the background, an awkwardly time annual meeting Tuesday saw Paramount's new CEO trio (Br ...

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