Paramount Global
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Paramount Wasn’t ‘Hurt’ by Exclusion From Venu Sports Because It’s Focused on ‘Multi-Genre Offering’ Instead, George Cheeks Says
“I think a more robust offering that has sports and has news, it has entertainment, is a better offering for the consumer,” the co-CEO explains
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Larry Ellison Will Hold Controlling Stake in Paramount Global With Skydance Merger, Filing Shows
The billionaire Oracle co-founder will own 77.5% of National Amusements after his son David Ellison’s deal closes
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Is Pluto TV for Sale? It Could Be Challenging for Paramount
The free, ad-supported streamer could fit well in Skydance Media’s “tech hybrid” strategy, analysts tell TheWrap
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Skydance Calls on Paramount to Stop Negotiating With Edgar Bronfman Jr., Accuses Special Committee of Violating Merger Agreement
The media giant extended its “go-shop” period to Sept. 5 on Wednesday as the former Warner Music Group CEO submitted a revised $6 billion bid
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Inside the Bronfman Bid for Paramount: No ‘Operational Distractions’ of Skydance Merger, Better for ‘B’ Shareholders | Exclusive
The $4.3 billion bid calls for a structure where the board would have more independent control over Paramount than under Skydance, according to Bronfman’s offer letter
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WrapPRO
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Edgar Bronfman Jr. Makes Last-Minute $4.3 Billion Bid for Paramount
The media investor and former Warner Music CEO vies for Shari Redstone’s stake in National Amusements ahead of Skydance’s go-shop window deadline
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WrapPRO
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Paramount Shares Climb 7% as Edgar Bronfman Jr. Prepares Competing Bid
The former Warner Music Group CEO has held discussions about teaming up with Fortress Investment Group, Roku and “Baby Geniuses” producer Steven Paul, according to the Wall Street Journal
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Paramount Global to Cut 15% of US Workforce in Latest Layoffs
This round’s cuts will be focused on marketing and communications as well as finance, legal and technology
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Paramount Global Q2 Net Loss Balloons to $5.4 Billion as Company Takes $5.98 Billion Impairment Charge on Cable Networks
The media giant’s direct-to-consumer division swung to a profit of $26 million as Paramount+ shed 2.8 million subscribers
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Sony Won’t Submit Counter Bid for Paramount Global
Acquiring the entire media giant would be “risky” to its capital allocation strategy, Sony Group president, COO and CFO Hiroki Totoki tells analysts
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Apex Capital Bid for Paramount Flagged as Possible Hoax, Press Release Removed From BusinessWire
The $43 billion offer was announced in a press release that was later pulled down
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Hollywood’s Support for Skydance-Paramount Merger Has Been ‘Remarkable and Humbling,’ David Ellison Says
“Top Gun: Maverick” and “Mission: Impossible” star and producer Tom Cruise is “supportive” of the transaction, the executive says
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Paramount Could Suffer Potential Credit Downgrade, Moody’s Warns in Review
The assessment is prompted by ongoing issues with linear, a “slow pivot” to streaming scale and the merger agreement with Skydance Media
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CBS Will Be a ‘Cornerstone’ Asset of New Paramount, Jeff Shell Teases
“It’s going to be actually part of all of our plans going forward,” the executive told reporters Monday
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Done Deal: Paramount Global Sells to Skydance Media in $8 Billion Acquisition
The “Mission: Impossible” and “Top Gun: Maverick” coproducer will acquire controlling shareholder Shari Redstone’s National Amusements under the two-step deal
