Proposed merger of Skydance Media and Paramount Global
On July 7, 2024, American media companies Skydance Media and Paramount Global announced a definitive agreement to merge in a deal valued at $8 billion, forming a new entity known as "New Paramount". The agreement values the newly formed entity at approximately $28 billion.
Paramount Skydance merger: Media empire behind CBS and …
Jul 8, 2024 · Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media, ending...
Done Deal: Paramount Global Sells to Skydance Media in $8 …
Jul 8, 2024 · Paramount Global has sold to Skydance Media in an $8 billion deal that merges David Ellison’s company with the legacy Hollywood studio after acquiring controlling shareholder Shari Redstone’s...
Paramount Global to merge with Skydance Media - CBS News
Jul 8, 2024 · Paramount, owner of Paramount Pictures movie and television studios, the CBS television network and CBS News, announced in a news release late Sunday that it is combining with Skydance, an...
Why Did Paramount Merge With Skydance? 5 Questions About Deal - Variety
Jul 9, 2024 · Ending months of M&A drama, Paramount Global and Skydance Media, David Ellison’s smaller media and production company, on Sunday announced a two-part transaction that will result in...
With a 15-year history of partnering on highly successful projects, the Skydance-Paramount combination will unite key intellectual property and enhance Paramount’s exposure in cutting-edge and next-generation digital businesses.
Skydance Media, Paramount Global Reach Sale Agreement - Variety
Jul 7, 2024 · Skydance Media and Paramount Global have reached an agreement calling for David Ellison to take the reins as chairman-CEO and Jeff Shell as president.
David Ellison's Skydance Taking Over Paramount In $8 Billion Deal
Jul 7, 2024 · David Ellison ‘s Skydance Media has announced Sunday night that it and its backers will invest $8 billion in a takeover of Paramount Global, capping a seven-month quest. The company had...
Paramount, Skydance merger deal ends Redstone era | Reuters
Jul 7, 2024 · Streaming-era upstart Skydance Media began scripting a new chapter on Monday for Paramount Global , the day after reaching a deal to acquire one of Hollywood's oldest studios, home of...
Paramount Global merges with Skydance, creating 'New Paramount'
Jul 8, 2024 · Paramount Global, the troubled media giant that owns CBS and Nickelodeon, has agreed to merge with David Ellison's Skydance Media production company, creating "New Paramount," the companies...