Bronfman, the entertainment mogul and son of the late Seagram CEO Edgar Bronfman Sr., has been engaged in talks with potential investors about backing a bid for National Amusements, the parent company that controls Paramount Global,The Journal cited sources as saying that a bid could be made within the next few days although they caution that it is possible Bronfman declines to formally submit a proposal.
New Starbucks CEO may make $113M working remotely in posh Calif. town — while workers must be at office “Given the changes in the industry, we want to fortify Paramount for the future while ensuring that content remains king,” said Redstone, who is chair of Paramount Global.In connection with the proposed transaction, which is expected to close in September 2025 pending regulatory approval, a consortium led by the Ellison family and RedBird Capital will be investing $8 billion.
Last month, Ellison outlined the vision for New Paramount on a conference call about the transaction.
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Paramount Global starts cutting 2K jobs ahead of Skydance mergerA memo written by Paramount’s three co-chief executive officers was circulated to staffers on Tuesday, according to a report by Bloomberg News.
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Paramount begins major layoffs ahead of Skydance mergerParamount is laying off 15% of its staff, or about 2,000 people, in a major cost-cutting aimed at finding $500 million in annual cost savings.
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