Shares of Paramount Global (PARA, PARAA) are rallying on revived merger talks with Skydance. According to reports, Skydance has reached a preliminary...
, Skydance has reached a preliminary agreement to buy Shari Redstone 's National Amusements , the controlling shareholder of Paramount. If that deal goes through, Skydance would then begin the merger process with Paramount Global . Bloomberg Intelligence senior media analyst Geetha Ranganathan joins Morning Brief to discuss the news and what it means for the media giant's future.
Shares of Paramount Global rallying on Revived Merger Talks According to reports, production company Sky Dance has reached a preliminary agreement to buy Sherry Redstone's National Amusements are controlling shareholder of Paramount. And this is basically what we're seeing is a re engagement with sky dance media from the Redstone family.And in the last minute you had Sheri Redstone kind of swooping in and saying No, no, go to a deal, which she had principally agreed.Sheri Redstone will call all the shots, but what we are seeing in terms of what this means for investors again with sky dance.Sheri Redstone, who is the controlling shareholder, favours her over everybody else.
Uh, so for her to come that far and then just drop everything again, that was obviously it created huge overhang on the stock.Wow, OK, And so now, as we're kind of really trying to wrap our minds around what this means for the larger media landscape, I mean, this was one of the last major deals it seemed like was was waiting to finally get over the goal line here.
I think we're going to see a whole slew of deals which will include a lot of these legacy media players.So I think there's a whole lot more to come really great insight.Ballmer Is Richer Than Gates, a First for Microsoft Billionaires
Skydance Paramount Global Controlling Shareholder National Amusements Merger Talks Geetha Ranganathan Bloomberg Intelligence
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What's next for Paramount after demise of Skydance mergerParamount's future now hangs in the balance after Shari Redstone ended merger talks with Skydance Media.
Read more »
Paramount stock plummets after Shari Redstone kills Skydance dealShari Redstone, who controls Paramount through her family's holding company National Amusements, has ended merger talks with Skydance Media, according to the...
Read more »
Paramount Can’t Stay Independent Long After Rebuffing SkydanceParamount Global Chair Shari Redstone walked away from a deal to sell her family’s media empire to independent producer David Ellison, but she’ll have to agree to an offer from someone eventually, because keeping the status quo isn’t an option.
Read more »
Paramount Global owner calls off merger talks with Skydance MediaNEW YORK (AP) — National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended...
Read more »
Paramount special committee meets to vote on Skydance deal, Bloomberg News reportsThe offer would see Shari Redstone sell her family's controlling stake in Paramount to Ellison for $2.25 billion, according to the report. One of the five...
Read more »
What the Paramount-Skydance merger could mean for investorsParamount (PARA, PARAA) has reportedly agreed to the terms of a deal to merge with Skydance Media. MoffettNathanson Senior Research Analyst Robert Fishman...
Read more »