Paramount Global said on Friday it expects to complete its merger with Skydance Media by August 7, following government approval for the $8.4 billion deal.
Ellison's father Larry Ellison, 80, is a titan of Silicon Valley who co-founded Oracle in 1977. David Ellison grew up in Woodside, California, in the Bay Area, where he was raised by his mother.
The $8.4 billion merger between Paramount Global and Skydance Media won approval from U.S. regulators on Thursday, clearing the way for a sale that evolved into a clash over press freedom in the era of President Donald Trump.
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REIT - Office Industry | Real Estate Sector | Albert Paul Thomas Behler CEO | XSTU Exchange | US69924R1086 ISIN |
US Country | 316 Employees | 28 Jun 2024 Last Dividend | - Last Split | 19 Nov 2014 IPO Date |
Paramount Group, Inc., more commonly known as Paramount, is a distinguished real estate investment trust (REIT) with a clear focus on owning, operating, managing, acquiring, and redeveloping Class A office properties. Paramount’s portfolio is strategically located in central business district submarkets of New York and San Francisco, two of the most vibrant and economically significant cities in the United States. The company prides itself on maximizing the value of its real estate assets through leveraging their desirable locations and employing proven property management strategies. Paramount aims to attract and retain high-quality tenants by offering outstanding office environments and services that meet their sophisticated needs.
Paramount owns a prestigious portfolio of high-quality, Class A office properties situated in select central business district submarkets of New York and San Francisco. These properties are designed to meet the high standards and expectations of top-tier businesses, offering them prime locations and facilities that enhance their operations and workplace experience.
The company not only owns but also operates and manages its portfolio of office properties. This includes a range of services aimed at maintaining the high standards of the buildings, from upkeep and renovations to the implementation of sustainable practices and technologies. Paramount’s hands-on management approach ensures that its properties remain competitive and appealing to current and prospective tenants.
Paramount actively engages in the acquisition and strategic redevelopment of Class A office properties. This aspect of their services is focused on identifying potential assets that, through targeted investments and improvements, can be elevated to meet the company’s stringent criteria for quality and performance. Redevelopment efforts are aimed at enhancing asset value, marketability, and tenant satisfaction, thereby securing the company's growth and profitability.