Back In Business: Skydance And Shari Redstone Reach Terms On New Merger Proposal For Paramount
In a stunning reversal, David Ellison's Skydance Media and the Shari Redstone-controlled Paramount Global are back at the M&A altar. The companies have reached terms on a revised merger agreement for Redstone's National Amusements Inc.
Paramount and Skydance are back on with a preliminary merger deal, WSJ reports
National Amusements, Paramount's controlling company, last month reportedly ended talks with Skydance.
Paramount shares pop 9% on news of preliminary Skydance Media deal
Paramount shares pop 9% on news of preliminary Skydance Media deal
Paramount mulls $1.7B offer to sell BET to its CEO and NYC private equity firm: report
Scott Mills is teaming up with Chinh Chu, the head of CC Capital, in a bid for BET, according to Bloomberg News.
Paramount Global Stock Jumps On Report Of Revived BET Sale Talks
Paramount Global stock jumped 6% on the latest report it has resumed talking to potential buyers of select assets after pausing the divestments during ultimately fruitless merger talks with Skydance Media. A group of investors is holding exclusive talks with Paramount about a bid of $1.6 billion for BET Media Group, Bloomberg reported Tuesday.
Media mogul Barry Diller weighs a bid to gain control of Paramount
Barry Diller's IAC is exploring a bid to take control of Paramount Global, CNBC's David Faber reported on Tuesday. The offer would be for Shari Redstone's National Amusements Inc., the controlling shareholder of Paramount.
M&A Buzz Sends Paramount Global Stock Surging
Shares of streaming platform Paramount Global (NASDAQ:PARA) are 2.6% higher to trade at $10.41 this morning, after several companies have expressed interest in a merger.
Billionaire Barry Diller In Potential Takeover Talks With Paramount Following Skydance's Failed Bid, Report Says
Billionaire media mogul Barry Diller is in talks with Paramount's parent firm, National Amusements, for control of Paramount, according to The New York Times, marking the latest bid for Paramount after Skydance Media recently ended merger negotiations with the entertainment conglomerate.
Paramount is hunting for a streaming partner, could kick off a wave of deals
Paramount Global leaders are having discussions with a number of companies to explore merging Paramount+, its money-losing streaming service. Warner Bros.
Paramount Global Shuts Down Cable Network Websites
In a cost-cutting move, Paramount Global announced they were shutting down the MTV News website. The announcement was soon followed by Paramount's decision to shut down the websites of cable properties; CMT, Comedy Central, TV Land and Paramount Network removing all online content.
Paramount Global set to ax more employees after ‘unacceptable' profit drop
The announcement came at a town hall meeting with Paramount Global's co-CEOs soon after failed merger talks with production company Skydance Media.
Should Value Investors Buy Paramount Group (PGRE) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
