(Recast with details from WSJ report in paragraphs 1 to 3 and 6; background in 5, 7-9) April 5 (Reuters) – A deal between Paramount Global and Skydance Media could see the media conglomerate acquire the independent studio in an all-stock transaction valued at around $5 billion, the Wall Street Journal reported on Friday. Under […]
(Bloomberg) — Paramount Global, the parent of CBS and MTV, is getting closer to a deal to merge with independent producer David Ellison’s Skydance Media. Most Read from Bloomberg Shari Redstone, Paramount’s controlling shareholder, has reached a tentative agreement to sell her stake to Skydance, people with knowledge of the situation said. In addition, Paramount […]
Shari Redstone, whose family controls Paramount Global, has entertained several offers over the years to buy its famed movie studio. Skydance Media CEO David Ellison is eyeing something more ambitious. Ellison is discussing an all-cash bid for Paramount’s parent, National Amusements, with financial help from other Skydance investors including his father, billionaire Larry Ellison, according […]