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
Famed money manager Mario Gabelli, one of the largest shareholders in Paramount Global, urged the Federal Communications Commission to halt its review of the transfer of broadcast licenses in the media giant’s $8 billion merger with Skydance. Gabelli requested the delay so that he could probe for “potential fiduciary and/or federal securities violations” against Paramount’s … Read more
Australia may have to wait longer for streaming platforms to produce local content, as new rules requiring them to do so have been delayed indefinitely, with no clear timeline for when work on the policy will resume. The government had initially expected to implement the new rules by July 1, 2024; however, industry stakeholders now … Read more
Paramount has been mostly out of the news lately, but that doesn’t mean nothing is going on behind the scenes in its messy, years-long attempt to sell itself before settling on a merger with Skydance Media. As is already known, Paramount owner Shari Redstone extracted a significant, nearly $2 billion payday before agreeing to a … Read more
Halo had no shortage of enemies before Paramount pulled the show’s plug. Hardcore fans hate its massive deviations from the source material. Some critics couldn’t stand the bizarre pacing and lack of heart. The show was always a mixed bag, but there were always fans hoping to see the show find its footing. While the … Read more
Media veteran Edgar Bronfman Jr pulled out of the race to take control of Paramount Global, he said on Monday. Bronfman’s bid relied on participation of high net worth individuals, who were uncomfortable sharing their personal financial information with the Paramount special committee and its advisors, a source close to the matter told Reuters. Edgar … Read more
Edgar Bronfman Jr. is open to having Shari Redstone remain involved with Paramount Global if its special committee accepts his consortium’s bid for National Amusements, the controlling shareholder, CNBC reported Friday. On Wednesday, the veteran media executive sweetened his bid to take over Paramount offering $6 billion for National Amusements and a minority stake in the media conglomerate. … Read more
Skydance Media is accusing Paramount Global’s special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders, the Wall Street Journal reported on Thursday. This comes after veteran media executive Edgar Bronfman Jr. sweetened his bid to take over Paramount offering $6 billion for its controlling shareholder National Amusements … Read more
