Skydance Media may finally win regulatory approval for its $8 billion deal to merge with Paramount Global — but the process could look like something out of “Mission: Impossible.” That’s the word from sources close to the megadeal, who tell me that under terms of a merger approval being discussed by the incoming Trump administration’s … Read more
Paramount Global’s $8 billion merger with Skydance Media faces a slew of fresh hurdles as it looks to gain US regulatory approval — from controversy over a “60 Minutes” interview with Kamala Harris to objections from the Teamsters union, sources told The Post. The outlook for the mega-deal has grown murkier since Donald Trump won … Read more
Donald Trump isn’t even in the Oval Office but the people he has selected to run his regulatory apparatus are promising big changes for deal-making, some good — on balance more approved mergers than what was allowed by the Biden peeps — and some not so good, On The Money has learned. One deal that’s … Read more
Maybe the biggest tell that traditional media is heading for the ICU isn’t that after months of intense negotiations, Shari Redstone did something weird and refused to sell her fading empire to a company known as Skydance. No, it’s that a lot of smart media people, including those involved in the negotiations, believe that when … Read more
Remember Byron Allen? You know, the voluble media executive who got Paramount shareholders all juiced up when he said he wanted to buy the company from Shari Redstone for a cool $30 billion. Sounded like a great deal since Paramount’s market cap at just below $10 billion reflects the melting ice cube of much of … Read more
A handful of American finance and tech tycoons are gearing up for multi-billion bids to buy TikTok after President Joe Biden signed an act which will force its Chinese owners to sell the app. The Wall Street and Silicon Valley figures are led by Steven Mnuchin, the former treasury secretary who has openly said he … Read more
Elon Musk’s SpaceX and Larry Ellison’s Oracle are joining forces to develop a farming-centric AI tool that will come in handy for planning and predicting agricultural output. During Oracle’s earnings call earlier this week, Ellison announced that the computer technology company will be teaming up with Musk-led SpaceX. This collaboration will aim at developing an … Read more
Elon Musk’s alleged drug use led Larry Ellison to invite the fellow billionaire to dry out at the Oracle co-founder’s Hawaii estate, according to a report. Ellison, a Tesla board member, reached out to the Tesla boss in the winter of 2022 as concerns grew from others on the board about Musk’s behavior, the Wall … Read more
The world’s five wealthiest individuals have reportedly doubled their fortunes, amassing unprecedented wealth, even as the plight of the poorest segments of society worsens. The collective fortunes of the five richest men in the world — Elon Musk, Jeff Bezos, Bernard Arnault, Larry Ellison and Mark Zuckerberg have surged to an astounding £681.5 billion since … Read more
So Gary did it. The famously crypto-hating chairman of the Securities and Exchange Commission, the man who so reviles digital coins that he called the market the “Wild West” of investing, filled with looters, drug dealers and con artists, took a giant step last week toward mainstreaming crypto as an asset class. On Wednesday, the … Read more
