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The Latest Breaking News from Skydance

Path clears for Paramount merger with Skydance after Bronfman drops bid

Ex-Warner Music chief had formed consortium to gazump planned deal but some would-be investors withdrew

The Guardian - UK · Aug 27, 2024

Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go ahead

The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer

The Independent UK · Aug 27, 2024

Edgar Bronfman Jr.’s Bid for Paramount Fades to Black

Withdrawal appears to clear way for Skydance to close acquisition of struggling media company

Multichannel News · Aug 27, 2024

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Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

The Guardian - UK · Aug 27, 2024

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 · Aug 27, 2024

Skydance Accuses Paramount Of Breaching Buyout Deal Terms, Seeks Halt To Bronfman Negotiations: Report

David Ellison's Skydance is reportedly demanding that Paramount stop its negotiations with Edgar Bronfman Jr. after the latter improved his bid to acquire the entertainment titan.

International Business Times · Aug 23, 2024

Paramount extending 'go shop' period by 15 days so it can review Bronfman offer

Entertainment giant Paramount Global is extending by 15 days a period where it’s allowed to assess alternative offers to its merger agreement with Skydance so that it can review a proposal from Edgar Bronfman, Jr. Paramount said late Wednesday that the “go shop” period for Bronfman will be extended until…

The Independent UK · Aug 22, 2024

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Edgar Bronfman Raises Bid To Acquire Paramount Global As 'Go Shop' Period Extended: Reports

Bronfman's latest offer includes $3.2 billion in funds that could be used to reduce Paramount's debt or to buy non-voting shares from investors.

International Business Times · Aug 22, 2024

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 · Aug 20, 2024

Edgar Bronfman Makes $4.3 Billion Bid For Paramount

Shari Redstone’s National Amusements gets $2.4 billion

Multichannel News · Aug 20, 2024

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 · Aug 20, 2024

Heather Graham Joins Star-Studded Cast Of Horror Thriller Film

Heather Graham joins the cast of 'They Will Kill You,' a horror thriller produced by Nocturna Pictures. The film follows a woman who discovers a dark secre...

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 · Aug 9, 2024

Paramount Global To Lay Off 15% Of US Staff

Paramount Global announces layoffs and write-downs ahead of Skydance merger, reflecting industry shifts in traditional TV and print media, while streaming ...

Paramount Global to cut 15% of its US workforce before Skydance merger

Company behind Paramount Pictures, Nickelodeon and CBS writes down value of its cable networks by nearly $6bn

Rachel Zegler Stars In Upcoming Netflix Animated Feature Spellbound

Discover Rachel Zegler's role in Netflix's Spellbound, a captivating animated feature with a stellar cast and musical talent, premiering on November 22.

Player One · Jul 26, 2024

Paramount Shareholder Challenges Skydance Merger in Court

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

Fortune · Jul 20, 2024

Oracle CEO Safra Catz steps down from Disney's board after Ellisons' $28 billion Paramount-Skydance deal

Billionaire Larry Ellison is helping to fund the two-step merger.

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Broadcasting & Cable · Jul 16, 2024

Paramount’s Pluto TV Stagnates Despite Broader Free Streaming Bonanza

Is Pluto’s old-style program guide interface setting it back in the race for FAST supremacy?

Fortune · Jul 12, 2024

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.

Broadcasting & Cable · Jul 9, 2024

Skydance May Not Be Able To Rescue Paramount From Junk-Bond Status, Credit Rating Agencies Say

A lot of questions remain unanswered after David Ellison’s big deal, but Moody’s said it’s still ‘possible’ it could downgrade the conglomerate in the coming months

Multichannel News · Jul 8, 2024

Mario Gabelli Wants Same Price for Paramount Voting Shares That Shari Redstone Got

Skydance paying $1.7 billion for National Amusements

Inverse · Jul 8, 2024

A Huge Hollywood Upheaval Could Turn Star Trek Into the Next MCU

Paramount's merger with Skydance could completely restructure the Final Frontier. Here's how Star Trek could be impacted by this massive game-changer.

Fortune · Jul 8, 2024

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.

Multichannel News · Jul 8, 2024

David Ellison Spells Out Goals for ‘New Paramount’

Plan is to create a media-technology hybrid and cut costs by $2 billion

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