Proposed merger of Skydance Media and Paramount Global
On July 7, 2024, American media companies Skydance Media and Paramount Global announced a definitive agreement to merge in a deal valued at $8 billion, forming a new entity known as "New Paramount". The agreement values the newly formed entity at approximately $28 billion. [2] [3] The transaction is expected to close in March 2025.[4]In 2023, after grappling with debt and striving to remain ...
Skydance Media - Wikipedia
On July 7, 2024, Skydance announced its intent to merge with Paramount Global in an $8 billion transaction, under an agreement in which Skydance would acquire Paramount's publicly-held controlling shareholder National Amusements, and then …
Paramount Skydance merger: Media empire behind CBS and …
Jul 8, 2024 · Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media,...
Paramount agrees to merge with Skydance, ending Redstone era
Jul 8, 2024 · Paramount Global has agreed to merge with Skydance, capping off a monthslong negotiation, in a deal that would see the Redstone family step away from control of the storied movie studio and...
Done Deal: Paramount Global Sells to Skydance Media in $8 …
Jul 8, 2024 · Paramount Global has sold to Skydance Media in an $8 billion deal that merges David Ellison’s company with the legacy Hollywood studio after acquiring controlling shareholder Shari Redstone’s...
Skydance offers Paramount critical investment and significant entrees into burgeoning new entertainment and media verticals with clear economic upsides. For example, Skydance brings state-of-the-art interactive and gaming proficiencies, …
Skydance Reaches Deal to Merge With Paramount - The New York Times
Jul 7, 2024 · Paramount and Skydance said on Sunday they had reached an agreement to merge, a deal that would usher in a new era for CBS, Nickelodeon and the film studio behind the “Top Gun” and “Mission:...
Why Did Paramount Merge With Skydance? 5 Questions About Deal - Variety
Jul 9, 2024 · Ending months of M&A drama, Paramount Global and Skydance Media, David Ellison’s smaller media and production company, on Sunday announced a two-part transaction that will result in Skydance...
Paramount Global to merge with Skydance Media - CBS News
Jul 8, 2024 · Paramount, owner of Paramount Pictures movie and television studios, the CBS television network and CBS News, announced in a news release late Sunday that it is combining with Skydance, an...
Paramount agrees to sweetened Skydance merger deal
Jul 8, 2024 · Skydance founder David Ellison is set to become Paramount’s new chairman and chief executive. Paramount Global has agreed to merge with Skydance Media in a deal that will see the joint...