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The second phase will see an all-stock merger between Skydance Media and Paramount, valued at $4.75 billion. Equity holders in Skydance will get 317 million Class B shares, with a market value of $15 per share. Paramount Global would have 45 days to look for better or matching offers from other bidders before finalizing.
With Paramount Global poised to be taken over by Skydance Media in 2025, the three execs running Paramount as co-CEOs — George Cheeks, Chris McCarthy and Brian Robbins — now have an additional ...
The prospect of a Paramount sale attracted some of the biggest players in media, including Byron Allen, Edgar Bronfman Jr., David Zaslav, and Barry Diller. But it was David Ellison, founder and ...
Paramount Global, the storied media conglomerate, will lay off 15% of its US staff and took a $6 billion write down on its cable television networks as it prepares to merge with Skydance Media
Paramount is laying off 15% of its staff, or about 2,000 people, in a major cost-cutting move aimed at finding $500 million in annual savings. Paramount shutters television studio, begins major ...
When Redstone, currently chairwoman of the media empire, reached an $8 billion deal to merge Paramount with Skydance Media in July of last year, it seemed like everyone could finally take a breath ...
Tech scion David Ellison's Skydance Media will gain control of Paramount, marking the end of the Redstone family's reign over the storied studio. Paramount and Skydance agree to merge, marking a ...
Paramount Global will cut 15% of its U.S. workforce in the next few weeks — a round of layoffs that will affect about 2,000 employees — coming ahead of its planned merger with Skydance Media.