News Formal

Paramount Global owner calls off merger talks with Skydance Media

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 13 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Business News

Larry Ellison,Entertainment,David Ellison

National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media.

FILE - The main gate to Paramount Studios is seen on Melrose Avenue, July 8, 2015, in Los Angeles. National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, said Tuesday, June 11, 2024, that it has ended talks on a possible Paramount merger with Skydance Media.

Robert Fishman, an analyst with MoffettNathanson, said the deal's collapse leaves Paramount with the same problems that have long weighed it down, and few prospects for an infusion of cash or new ideas to help turn things around.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 246. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

National Amusements ends Paramount merger talks with Skydance MediaNational Amusements said merger talks ended after the companies were unable to reach 'mutually acceptable terms' on a deal.
Source: CBSNews - 🏆 87. / 68 Read more »

Paramount and Skydance agree to terms of a merger dealSkydance is set to announce a deal with Paramount after agreeing to terms of a merger deal.
Source: NBCNewYork - 🏆 270. / 63 Read more »