News Formal

Paramount agrees to merger with Skydance

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Paramount Global and Skydance Media have reached a deal to merge the two massive media companies together, according to a joint statement released Sunday.

Paramount Global and Skydance Media have reached a deal to merge the two media companies together, according to a Sunday joint statement. The proposed merger comes after reports of renewed talks between the two companies emerged earlier in the month and after months of interest from various potential bidders. Paramount Global and David Ellison’s Skydance Media said the merger will occur in two steps. According to the companies, the Skydance Investor Group will pay $2.

" The companies said they hope to "re-imagine the Company’s operating model, transform its technological platform, streamline its organization and accelerate other initiatives already underway" through the merger. "We are committed to energizing the business and bolstering Paramount with contemporary technology, new leadership and a creative discipline that aims to enrich generations to come," Ellison said.

 

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:

 /  🏆 458. in US

United States United States Latest News, United States United States Headlines

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

Paramount Global Owner Shari Redstone Calls Off Skydance Media MergerSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »

Paramount Global owner calls off merger talks with Skydance MediaNational 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. The potential deal had drawn attention for weeks amid speculation about Paramount's future.
Source: AP - 🏆 728. / 51 Read more »

Paramount Global owner calls off merger talks with Skydance MediaNational 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.
Source: ksatnews - 🏆 442. / 53 Read more »