More news
National Amusements has reached a preliminary deal to sell its controlling interest in Paramount Global to Skydance, three sources familiar with the matter told Reuters. Shari Redstone's National Amusements re-engaged with the David Ellison-led production studio after abruptly ending deal talks last month,
The on-again, off-again courtship between Shari Redstone, Paramount Global Inc. and Skydance Media is back on, after the three sides reportedly have
Jim Stewart, New York Times columnist, joins 'Money Movers' to discuss Paramount and Skydance nearing merger deal and more.
Shari Redstone's National Amusements has reached a preliminary deal to sell its controlling interest in Paramount Global to David Ellison's Skydance Media, three sources familiar with the matter told Reuters on Tuesday.
Skydance has reached a preliminary deal to purchase National Amusements and merge with Paramount, Axios has confirmed. Why it matters: This is an about face for National Amusements owner, Shari Redstone,
Skydance is expected to pay $1.75 billion for National Amusements, the media company owned by Shari Redstone, and then merge with Paramount, The Wall Street Journal reported.
Paramount Global's controlling shareholder, Shari Redstone's National Amusements, has reached a new deal with Skydance Media, just weeks after the two sides ended negotiations, three sources familiar with the matter told Reuters on Tuesday.
The companies recently ended merger negotiations, bringing an end to a months-long deal making process that involved other Paramount bidders.
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.
Skydance Media has reached a preliminary agreement to buy Shari Redstone's family company National Amusements and merge with Paramount Global, the Wall Street Journal reported on Tuesday. Shares of Paramount were up 9% in after-hours trading.
Paramount shares surged 9% in after-hours trading Tuesday after reports emerged that David Ellison's Skydance had reached a preliminary deal to acquire the media company's parent, National Amusements,
In a surprising twist, David Ellison's Skydance Media and Shari Redstone's National Amusements Inc. have rekindled discussions to acquire Paramount Global, navigating turbulent merger and acquisition
Communications services shares rose as the deal talks between Skydance and Paramount Global may be at an end. David Ellison's production company has reached a preliminary agreement to buy National Amusements,
Many investors might have left early for the holiday, but the shortened trading day before July 4th certainly didn't lack action. First, another plot development in Paramount Global's deal saga sent the company's stock up 6.
National Amusements, owned by Shari Redstone, has entered into a preliminary agreement to sell its majority stake in Paramount Global
The Wall Street Journal reported on the agreement earlier Tuesday, saying the terms of the deal weren’t known.
It’s unclear what the other terms of the merger are. NAI also isn’t demanding a vote that the deal be approved by majority shareholders, which held up the deal the last time. What’s more, Skydance and National Amusements have also agreed to a 45-day “go-shop period” so that other buyers can jump in.
Skydance Media and National Amusements have reached a deal to acquire Paramount but the pact still must be approved by the studio's special committee.
Paramount Global rose in after-hours trading following reports of a preliminary agreement with David Ellison's Skydance Media, citing people familiar with the matter. Dow Jones Newswires is a market-moving financial and business news source,
Shares of Paramount Global jumped 6.5% on Wednesday after reports said Shari Redstone’s National Amusements had reached a preliminary deal to sell its controlling interest in the storied media company to David Ellison’s Skydance Media.
Paramount Global shares are up 7% during Wednesday's trading session following news on Tuesday that David Ellison's Skydance Media and Shari Redstone's National Amusements have reached a tentative agreement.
Paramount’s parent company, National Amusements, has come to a tentative deal on a possible merger with media conglomerate Skydance according to multiple sources, multiple outlets reported. Paramount had previously reportedly stopped talks with Skydance on a merger and news about talks crumbling came out mid-last month.
The proposed new deal, valued at $1.75 billion, involves Skydance acquiring National Amusements' 77% voting shares in Paramount.
Shares of Paramount Global jumped 8.6% in after-hours trading on Tuesday on news that David Ellison's Skydance Media and Shari Redstone's National Amusements have reached a preliminary agreement on a Paramount Global merger.
Visit the post for more.
The media heiress reached a preliminary agreement to sell her controlling stake in Paramount Global to Skydance Media – just weeks after she walked away from a deal between the two sides,