Veteran media executive Edgar Bronfman sweetened his offer to $6 billion for National Amusements and a minority stake in Paramount Global, according to a person familiar with the matter He had previously offered $4.3 billion, according to Reuters sources. Shares of Paramount rose more than 2.3% after the bell. The competing offer for the home of Paramount Pictures, the CBS broadcast network … Read more
The Lockdown – Official Trailer Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and … Read more
Veteran media executive Edgar Bronfman Jr. on Monday submitted a roughly $4.3 billion bid to take over Paramount Global through the acquisition of National Amusements, the family holding company that owns a controlling stake in the media company, a person familiar with the matter told Reuters. The competing offer for the home of Paramount Pictures, the … Read more
Sony will not submit another bid for Paramount Global as “it does not fit well with our strategy,” according to the president of the Japan-based PlayStation maker. Hiroki Totoki, who also serves as Sony’s chief operating officer and chief financial officer, told investors on an earnings call Wednesday that his firm will not make another … Read more
The Silent Hour – Official Trailer Read original article here Denial of responsibility! Pioneer Newz is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content … Read more
Billionaire investor Mario Gabelli’s investment firm is seeking more details about the valuation of National Amusements assets, the investor told Reuters on Friday, signaling the firm may challenge a landmark entertainment industry deal inked this week. Skydance Media and Paramount Global agreed on Sunday to merge, in a deal that would entail Skydance acquiring the Redstone … Read more
Billionaire Shari Redstone was all smiles Tuesday as she joined other business, tech and media moguls who jetted into Sun Valley, Idaho, ahead of Allen & Co.’s annual “summer camp for billionaires.” The energetic Redstone, wearing a red blazer and sunglasses, was among the first to arrive at the conference – known as a hotbed … Read more
Entertainment giant Paramount will merge with production company Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also signals the rise of a new power player, David Ellison, the founder of Skydance and … Read more
Tech scion David Ellison moved one step closer to gaining control of Paramount Global, with a special committee voting Sunday to support a merger with his Skydance Media, a source close to the deal told Reuters. Paramount’s full board, including its non-executive chair, Shari Redstone, is expected to approve the deal imminently, the source said. … Read more
Shari Redstone changed her mind, again! The media heiress reached a preliminary agreement to sell her controlling stake in Paramount Global to Skydance Media – just weeks after she walked away from a deal between the two sides, according to multiple reports Tuesday. Redstone, who controls the entertainment giant through her 77% stake in family … Read more
