I don’t know what will happen next, perhaps someone else will still make an offer in the next [45 days](https://variety.com/2024/tv/news/paramount-shares-stock-price-skydance-merger-deal-1236059937/) or David Ellison might own a Hollywood studio at some point in the future but regardless of what will happen next Paramount as we know it will change dramatically in the next few years.
Streamwhatyoulike on
Paramount Board’s Special Committee Approves Skydance Merger.
David Ellison inched closer to an acquisition of Paramount Global, the owner of MTV and CBS, as a special committee of the company’s board blessed a merger with his Skydance Media, according to a person with knowledge of the matter.
An agreement would end one of the messiest and most dramatic merger deals in recent history. The full board is set to approve the deal with the parties signing final paperwork Sunday and an announcement coming as soon as Monday, said the person, who asked not to be identified because the meeting was confidential.
The Skydance-Paramount merger represents just one step in a complicated deal. Ellison plans to acquire National Amusements, the holding company of Paramount controlling shareholder Shari Redstone, and then merge Skydance with Paramount. Redstone has blessed the deal with Ellison, which would end her family’s stewardship of a media empire after four decades, but still needs to give final approval.
Ellison’s talks with Paramount and Redstone collapsed just a couple of weeks ago, shocking the company’s board, employees and shareholders. But the son of Oracle Corp. co-founder Larry Ellison sustained contact with Redstone and revived the negotiations over the last several days. The new terms include a higher valuation for National Amusements and stronger language indemnifying the Redstones’ company against litigation that may result from the deal
Poodlekitty on
I just hope John Lasseter is let go before he takes over Paramount Animation.
go_noles_ on
r/skydancemedia
KingMario05 on
Assuming it closes by month’s end, about damn time.
Let the drama end and the recovery of a Hollywood legend commence!
LollipopChainsawZz on
Hopefully the folks at Paramount can start feeling a bit more certain about the future again. What a rough ride they’ve had.
6 Comments
I don’t know what will happen next, perhaps someone else will still make an offer in the next [45 days](https://variety.com/2024/tv/news/paramount-shares-stock-price-skydance-merger-deal-1236059937/) or David Ellison might own a Hollywood studio at some point in the future but regardless of what will happen next Paramount as we know it will change dramatically in the next few years.
Paramount Board’s Special Committee Approves Skydance Merger.
David Ellison inched closer to an acquisition of Paramount Global, the owner of MTV and CBS, as a special committee of the company’s board blessed a merger with his Skydance Media, according to a person with knowledge of the matter.
An agreement would end one of the messiest and most dramatic merger deals in recent history. The full board is set to approve the deal with the parties signing final paperwork Sunday and an announcement coming as soon as Monday, said the person, who asked not to be identified because the meeting was confidential.
The Skydance-Paramount merger represents just one step in a complicated deal. Ellison plans to acquire National Amusements, the holding company of Paramount controlling shareholder Shari Redstone, and then merge Skydance with Paramount. Redstone has blessed the deal with Ellison, which would end her family’s stewardship of a media empire after four decades, but still needs to give final approval.
Ellison’s talks with Paramount and Redstone collapsed just a couple of weeks ago, shocking the company’s board, employees and shareholders. But the son of Oracle Corp. co-founder Larry Ellison sustained contact with Redstone and revived the negotiations over the last several days. The new terms include a higher valuation for National Amusements and stronger language indemnifying the Redstones’ company against litigation that may result from the deal
I just hope John Lasseter is let go before he takes over Paramount Animation.
r/skydancemedia
Assuming it closes by month’s end, about damn time.
Let the drama end and the recovery of a Hollywood legend commence!
Hopefully the folks at Paramount can start feeling a bit more certain about the future again. What a rough ride they’ve had.