Paramount is reportedly looking for private-equity help with a possible $60 billion bid for Warner Bros., suggesting a deal may take longer than initially expected.
Paramount Skydance has agreed to acquire online publication The Free Press. The publication was co-founded and launched in 2021 by Bari Weiss, who previously worked for the opinion page of The New York Times.
Weiss, who once said she was done with legacy media, is to take control of CBS News's editorial vision, aiming for “news that reflects reality.”
The media giant's CEO David Ellison is hoping his new super lawyer can entice David Zaslav to sell most if not all of Warner Bros. Discovery.
Paramount Resources is leveraging a strong cash position to rebuild its business after recent asset sales. Production levels are trending toward the high end of guidance. A recent share sale added nearly C$300 million to PRMRF's already substantial cash reserves.
Paramount Skydance on Thursday named Makan Delrahim, a former senior U.S. antitrust official, as its chief legal officer, amid preparations for a bid for Warner Bros Discovery.
Warner Bros. Discovery Inc (NASDAQ: WBD) is extending gains on Monday morning following reports that Paramount Skydance is willing to pay a massive premium to acquire the mass media giant.
Rithm Capital is buying Paramount Group for $1.6 billion, entering the booming Manhattan office sector just as the Fed embarks on rate cuts. The mREIT is also growing is asset management business with the acquisition of Crestline Management, an alternative investment manager with $17 billion in AUM. RITM's dividend yield is set for further compression as the market increasingly prices the company less as a mortgage REIT and more as an asset manager.
The buzz reheated Friday around a possible media mega-merger, helping lift shares of the companies involved, while a report from a short seller sent shares of a medical device manufacturer sharply lower.
The mostly cash offer would mark one of the biggest entertainment mergers in recent memory and reshape the media landscape.
Shares of oil producers gained ground, boosted by an uptick in commodity prices, while a rally ran out of steam for two entertainment giants at the center of reports about a potential takeover bid.
David Zaslav wants a bidding war for his media conglomerate — and investors say “bring it on!”