Skydance
By Dawn Chmielewski and Anirban Sen (Reuters) -Media veteran Edgar Bronfman Jr on Monday withdrew from the race for Paramount Global, clearing the way for Skydance Media to take control of Shari Redstone’s media empire and ending one of the most chaotic media bidding wars in recent history. In a…
(Refiles to add table) (Reuters) -Skydance Media and Paramount Global have agreed to a merger, the companies announced late on Sunday, marking the end of an era for the Redstone media empire which was launched as a chain of movie theaters by Shari Redstone’s family in 1936. Originally named the…
(Reuters) – Paramount Global’s majority shareholder Shari Redstone has abruptly ended talks for a potential merger with David Ellison’s production company Skydance Media, effectively killing the deal that was in the works for several months. Redstone, the daughter of late media tycoon Sumner Redstone, was widely expected to sell her…
By Danielle Broadway LOS ANGELES (Reuters) – Netflix (NASDAQ:) on Thursday shared new details about upcoming animated films “Spellbound” and “Pookoo,” which were made in partnership with Skydance Animation. “Spellbound” is about Ellian, the young daughter of the rulers of Lumbria, and she has a secret…a mysterious spell has turned…
By Dawn Chmielewski (Reuters) – Skydance Media on Monday was awaiting a response to its enhanced bid for entertainment conglomerate Paramount Global, in which it offered to buy nearly half of the nonvoting Paramount shares at $15 each, according to a source familiar with the matter. CNBC reported a deal…
By Dawn Chmielewski(Reuters) -Paramount Global will end exclusive negotiations with Skydance Media without a deal, according to a person familiar with the discussions, allowing it to evaluate a rival bid for the home of “Mission: Impossible” and “SpongeBob SquarePants”.Shares of Paramount rose 3% in extended trading.A special committee of the…
By Dawn Chmielewski (Reuters) -Members of Paramount Global’s board agreed on Wednesday to enter into exclusive merger talks with Skydance Media, favoring the independent studio over a $26 billion offer from Apollo Global Management (NYSE:), a person familiar with the matter said. The deal talks, which are more advanced than the…
