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- Last Updated
- 108 days ago
- Bias Distribution
- 100% Right
Skydance Media Offers $1.75B to Buy Paramount
David Ellison's Skydance Media has made a second offer to acquire National Amusements, the company holding 77% of Paramount Global's voting stock, for $1.75 billion, aiming to merge with Paramount. The deal, following a previous failed agreement, is under evaluation by a special committee. Media mogul Shari Redstone, controlling National Amusements, has shown a willingness to sell to Ellison, recognizing his Hollywood success. The potential acquisition signals a significant shift in Paramount's ownership structure, impacting its future direction and operations. Paramount's stock surged on the news, reflecting market optimism about the deal's potential outcome.
- Total News Sources
- 1
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- 1
- Unrated
- 0
- Last Updated
- 108 days ago
- Bias Distribution
- 100% Right
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