Inside Paramount's bumpy sale: the president, a scion and a possible sheikh [Yahoo! Finance]
Paramount Global - Class A (PARAA)
Company Research
Source: Yahoo! Finance
But the path has been anything but smooth for Ellison and his Skydance Media . President Trump and Federal Communications Commission Chairman Brendan Carr have put Paramount's CBS network under the microscope. Now, the government's review of the $8-billion transaction could stretch into summer, heightening the drama for the embattled company that also owns MTV, Comedy Central and the Melrose Avenue film studio behind "Top Gun" and "The Godfather." Paramount investors have cried foul. While the Skydance purchase is pending , Ellison's investor group — including his billionaire father, Larry — has come to the financial aid of Paramount's controlling shareholders, Shari Redstone and her family. The group made a $186-million loan payment on behalf of the Redstones' cash-strapped investment firm. Once the deal closes, the Skydance investors will pay for her private jet and Central Park apartment in New York for a period of time, according to two people familiar with the arrangements
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