simpson33/iStock via Getty Images David Ellison wants to turn Paramount Global (NASDAQ:PARA) into a “media and tech” company that could go head-to-head against the likes of Netflix (NFLX), the billionaire told the Financial Times in an interview a day after reaching a deal with Shari Redstone to buy a controllingContinue Reading
mixmotive A new chapter is opening for Paramount Global (NASDAQ:PARA) following several drama-filled twists that saw it finally agree to a merger with David Ellison’s Skydance Media. It’s a complex transaction (see the details below), but there are hopes it can resurrect a Hollywood icon that has erased about 70%Continue Reading
mixmotive/iStock Editorial via Getty Images A special committee of Paramount Global’s (NASDAQ:PARA) board has agreed to a deal with Skydance Media. The special committee approved the sale to Skydance on Sunday, according to media reports, including Bloomberg, Wall Street Journal and the New York Times. Under the agreement, Skydance wouldContinue Reading
mixmotive/iStock Editorial via Getty Images A Paramount Global (NASDAQ:PARA) deal with Skydance Media is expected to be completed by the weekend. Paramount jumped 15% in premarket trading. A transaction to purchase Paramount (PARA) controlling holder National Amusement and merge it with Paramount could happen as soon as Friday, according toContinue Reading
mixmotive/iStock Editorial via Getty Images Paramount Global (NASDAQ:PARA) (PARAA) parent National Amusements has reportedly come to agreement on preliminary terms to merge Paramount with Skydance Media, a deal that had fallen apart last month. Skydance, led by David Ellison, would buy NAI (the family company of Shari Redstone) and mergeContinue Reading
Paramount Global (NASDAQ:PARA) is in discussions to sell the Black Entertainment Television network for up to $1.7 billion to buyers that include Chinh Chu, the head of the New York-based private equity firm CC Capital, and Scott Mills, the chief executive officer of BET, Bloomberg reported on Monday. In December,Continue Reading
mixmotive/iStock Editorial via Getty Images Paramount Global (NASDAQ:PARA) rose 3.3% in after hours trading after a report that media mogul Barry Diller and his company IAC Inc. (IAC) are exploring a bid to take control of the entertainment giant. IAC (IAC) has signed a non-disclosure agreement with National Amusements, Paramount’sContinue Reading
Tim P. Whitby/Getty Images Entertainment Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) is reportedly in discussions to merge just its money-losing streaming offering Paramount+ with a partner streamer — and Warner Bros. Discovery (WBD) is again coming up as a potential joint-venture mate. Paramount is talking with other industry companies about such aContinue Reading
