Paramount Global is reportedly considering dumping longtime CEO Bob Bakish and replacing him with a group of executives as the entertainment giant inches closer to a deal with Skydance Media. Bakish, who has been privately critical of the company’s talks to merge with Skydance, would be replaced on an interim basis with an “Office of … Read more
Sony Group and Apollo Global Management are in talks to team up on a bid for Paramount Global, sources told The Post on Thursday. Paramount, controlled by media heiress Shari Redstone, has been conducting exclusive talks with Skydance on a potential deal — which has drawn backlash from investors who fear their shares in the … Read more
Four board members at Paramount Global will step down amid reports that the entertainment giant controlled by Shari Redstone was discussing a merger with Skydance Media, the company disclosed in its proxy filing on Thursday. Former Spotify executive Dawn Ostroff, Sony Entertainment ex-president Nicole Seligman, Redstone attorney Rob Klieger and investment banker Frederick Terrell will not stand for … Read more
Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global, Bloomberg News reported Wednesday. Ellison, son of Oracle founder Larry Ellison, has held discussions with Paramount about merging it with Skydance Media, after he takes … Read more
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
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
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
Paramount Global is in talks to sell its Black Entertainment Television network to a management-led investor group, Bloomberg News reported Wednesday, citing people familiar with the matter. The potential buyers include BET Chief Executive Officer Scott Mills and Chinh Chu, a former Blackstone executive who runs New York-based CC Capital Partners, the report said. A price … Read more
