Paramount Global may have its credit rating cut to junk by Moody’s Ratings after the company agreed to sell itself to Skydance Media, with the bond grader citing “significant secular pressures” on Paramount businesses.
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Paramount Agrees to Skydance Merger, Marking End to Redstone EraParamount Global, the parent of CBS and MTV, agreed to merge with Skydance Media, handing control of a major Hollywood studio to independent producer David Ellison and ending one of the messiest and most dramatic merger deals in recent history.
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Paramount to continue job cuts until Skydance deal closes, memo saysParamount will also look to divest some of its assets, co-CEOs Brian Robbins, George Cheeks and Chris McCarthy said in the memo. In June, Paramount said it ...
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Paramount Board’s Special Committee Approves Skydance MergerDavid Ellison inched closer to an acquisition of Paramount Global, the owner of MTV and CBS, as a special committee of the company’s board blessed a merger with his Skydance Media, according to a person with knowledge of the matter.
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Entertainment giant Paramount agrees to a merger with SkydanceEntertainment giant Paramount, which owns CBS and was behind blockbuster films such as “Top Gun' and “The Godfather” has agreed to merge with Skydance, the...
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Paramount Global and Skydance agree to merge, ending Redstone eraThe companies agreed to a two-step process in which Skydance and its deal partners will acquire National Amusements for $2.4-billion in cash
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Boeing to plead guilty to criminal fraud, Paramount agrees to Skydance merger: Yahoo FinanceThe Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) are heading into the first full trading week of July off fresh new highs. Monetary policy is in focus...
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