So the Paramount and Skydance deal is back on track. What happened and what's next? [Los Angeles Times (CA)]
Paramount Global - Class A (PARAA)
Company Research
Source: Los Angeles Times
Shari Redstone and her family on Tuesday accepted tech scion David Ellison's proposed $2.4-billion purchase of their investment firm, National Amusements Inc., commonly known as NAI, which owns the controlling shares of beleaguered media company Paramount Global. The Redstone family submitted the offer from Ellison's Skydance Media to Paramount's special board committee, which now must accept or reject it. The struggling media giant owns CBS, the Paramount Pictures film studio and cable channels MTV, Nickelodeon and Comedy Central. On Wednesday, Paramount board members began evaluating the offer, a version of which they came close to approving three weeks ago before Redstone got cold feet and called off the talks. Now the question hangs over the company: Is the deal for real this time, and what happens once it closes? “It's feeling a lot like Groundhog Day,” analyst Jamie Lumley of research firm Third Bridge said in an emailed statement. “Renewed hope that both parties will be
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- NFL Is in Talks With Ellison's Skydance, RedBird About Deals [Yahoo! Finance]Yahoo! Finance
PARAA
Earnings
- 8/8/24 - Beat
PARAA
Sec Filings
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- 10/3/24 - Form 4
- PARAA's page on the SEC website