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The Latest Breaking News from Skydance Media

Paramount Begins Second Round Of Layoffs To Trim 15% Of Workforce: Report

A total of about 2,000 workers are losing their jobs to reduce annual costs by $500 million ahead of a merger with Skydance Media.

International Business Times

Path Cleared For Skydance Media's Paramount Takeover As Edgar Bronfman Exits Bid

Paramount's board, through its special committee, confirmed the conclusion of the "go shop" period.

International Business Times

Paramount Global receives $4.3bn takeover offer from Edgar Bronfman Jr

Veteran media executive’s bid would scupper Hollywood media empire’s planned merger with Skydance Media

The Guardian - US

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Bronfman Makes $4.3B Bid for Paramount

Paramount and its main shareholder had previously accepted a bid from Skydance Media

TV Tech

Edgar Bronfman Submits $4.3 Billion Rival Bid For Paramount Global

The bid also covers a $400 million breakup fee, which would be necessary to terminate a competing agreement that Paramount Global had previously entered into.

International Business Times

Paramount Global To Cut 15% Of US Staff, Take $6B Write-Down Ahead Of Skydance Merger

The decision will affect around 2,000 employees over the coming weeks.

International Business Times

Paramount Shareholder Challenges Skydance Merger in Court

A Paramount Global shareholder filed a lawsuit against a pending deal between Paramount and Skydance Media.

Player One

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David Ellison's Paramount merger cements the era of the 'nepo CEO'

David Ellison's Skydance Media is buying Paramount Global with help from his billionaire dad, Larry Ellison, founder of Oracle. To earn respect, he'll have to walk a tightrope.

Fortune

Paramount’s potential new logo is the opposite of a glow-up

Where’s the personality?

Creative Bloq

Who is David Ellison? Heir to the Oracle fortune celebrates clinching $28B Paramount deal

Oracle founder Larry Ellison’s son, David Ellison, announced he reached terms to acquire a controlling stake in Paramount.

Fortune

It's Official: Skydance Media And Paramount Global Announce Merger In Groundbreaking Deal

Shari Redstone, Paramount's non-executive chair, will relinquish the family's controlling stake through a complex transaction that will lead to the merger.

International Business Times

Paramount Global owner calls off merger talks with Skydance Media

National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media

The Independent UK

Shari Redstone’s National Amusements Says Paramount-Skydance Deal is Dead

Statement from family holding company says they were ‘not able to reach mutually acceptable terms'

Multichannel News

Paramount, Skydance Deal Collapses

Parent company National Amusements has issued a statement saying they were "not been able to reach mutually acceptable terms"

TV Tech

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Fortune

Meet Gerry Cardinale, the investor behind Skydance Media’s bid for Paramount

The RedBird Capital CEO honed his approach to IP at Goldman Sachs by building untraditional IP portfolio and via friend Bob Iger, CEO of Disney.

Fortune

Bob Iger schooled him on Disney's grand theory of IP. Now Gerry Cardinale is backing Skydance Media's $8 billion bid for Paramount Global

Cardinale's RedBird Capital Partners is an "IP monetization engine" that has partnered with celebrities from LeBron James to Ben Affleck. “I think he's focused on world domination,” says one collaborator.

Multichannel News

Paramount Stock Jumps on Report of $26 Billion Bid From Sony Pictures and Apollo Global

Potentially rivals offer from Skydance Media favored by chair Shari Redstone

Top News

Paramount Global's Possible Sale Sparks Speculation on Media Merger

Learn about the potential sale of Paramount Global, one of the largest media companies in the world, amid financial challenges and media mergers.

Fortune

Media mogul Shari Redstone reportedly considering selling her stake in Paramount after fighting for years to keep control of the company

Redstone reportedly considers selling to the movie studio that made ‘Top Gun: Maverick’ in a move that could kick off a selling spree among legacy media companies.

The Conversation

Top Gun: Maverick is a film obsessed with its former self

Legacy films are more than a sequel: they hand franchises down to a new generation of viewers, passing a cultural baton.

People

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