Shari Redstone’s investment banker has pulled some unusual moves as he explores a possible sale of her Paramount media empire — and it’s adding to the gossip surrounding the closely watched deal talks. Last May, National Amusements — a holding company that controls 10% of the stock and 80% of the voting shares of Paramount … Read more
Shari Redstone is launching a formal auction of National Amusements, the holding company that controls struggling media giant Paramount Global, The Post has learned. BDT Capital Partners, the bankers for Redstone, the 69-year-old daughter of late media baron Sumner Redstone, have begun circulating nondisclosure agreements to private-equity firms to view National Amusements’ financials — widening … Read more
Struggling news startup the Messenger is reportedly in talks with a group of conservative media and business executives, Axios reported late Thursday. The publication said the group is proposing $30 million for a 51% stake, which would put the embattled news site’s valuation at a bloated $60 million. The deal would require founder and chief … Read more
A controversial ex-publisher of Sports Illustrated is teaming up with crypto mogul Brock Pierce to seize control of the embattled publication, The Post has learned. James Heckman — who as CEO of Arena Group scooped up the iconic magazine title in 2019, only to exit a year later following layoffs that engulfed a slew of … Read more
An investor group reportedly offered $5.8 billion to buy Macy’s and take the major American department store chain private. Real-estate focused investing firm Arkhouse and Brigade Capital Management, an asset management company, submitted a proposal to acquire the Macy’s stock they don’t already own on Dec. 1, people familiar with the matter told The Wall … Read more
U.S. health insurer Cigna has ended its attempt to negotiate an acquisition of peer Humana, two sources familiar with the situation said on Sunday, plans to buy back $10 billion worth of shares. The deal could have exceeded $60 billion in value but was certain to attract fierce antitrust scrutiny. The Wall Street Journal earlier … Read more
