Tag: Shari Redstone

Skydance Media has officially completed its $8 billion acquisition of Paramount Global, forming Paramount, a Skydance Corporation. CEO David Ellison outlined a three-division structure (Studios, DTC, TV Media), with a strong focus on scaling streaming, integrating Pluto TV and Paramount+…

Paramount Global received final FCC approval to merge with David Ellison's Skydance, clearing the path for the $8 billion deal to close within weeks. The vote, however, was not without political tension. Commissioner Carr cited Skydance’s plans to scale back…

ISS has recommended Paramount Global shareholders vote against the re-election of Shari Redstone and three other board members, citing concerns over the company’s dual-class capital structure and executive compensation practices. The proxy adviser’s move adds pressure as Paramount awaits regulatory…

CBS News CEO Wendy McMahon has resigned amid internal tensions with Paramount Global leadership and mounting editorial interference from controlling shareholder Shari Redstone. The clash, centered on journalistic independence at "60 Minutes" and broader issues including DEI and political coverage,…

Paramount Global and Skydance Media have extended their $8B merger agreement after failing to secure FCC approval by the April 7 deadline. All other conditions have been met, but the deal remains stalled due to regulatory uncertainty tied to a…

Paramount's merger with Skydance got the green light from the SEC and European Commission, but it's not smooth sailing just yet. The FCC is digging into the deal, partly due to renewed political drama around CBS News, and shareholders are…

Kirby chops it up with The Streaming Madman, exploring his picks for the worst mergers of all time and examining the turbulent world of media consolidations. Kicking off with the rumored Warner Bros. Discovery and Paramount merger, ultimately abandoned by…

Business Insider explores how David Zaslav of Warner Bros. Discovery pursued a merger with Paramount throughout 2024 but never made a formal cash offer, a key condition for Paramount's Shari Redstone. With no proposal from WBD, Paramount opted for a…

Shari Redstone will exit the Paramount Global board in 2025 once Skydance Media and RedBird Capital acquire her company, National Amusements Inc., and merge with Paramount. The new entity, temporarily named "New Pluto Global, Inc.," will have an 11-member board…

Skydance Media, led by David Ellison, has reached a preliminary $1.75 billion agreement with National Amusements to acquire a majority stake in Paramount Global. The deal, pending a special committee's approval, includes a 45-day window for counter offers and doesn't…