On July 7, 2024, American media companies Skydance Media and Paramount Global announced a definitive agreement to merge in a deal valued at $8 billion, forming a new entity known as "New Paramount". The agreement values the newly formed entity at approximately $28 billion. [2] [3] The transaction is expected to close in March 2025.[4]In 2023, after grappling with debt and striving to remain ...

Paramount Global and Skydance Media are nearing the finish line of their $8 billion merger. But after months of twists and turns, there's yet another hurdle standing in the way of controlling ...

The second phase will see an all-stock merger between Skydance Media and Paramount, valued at $4.75 billion. Paramount Global would have 45 days to look for better or matching offers from other bidders before finalizing.

Jul 8, 2024 · Paramount Global has sold to Skydance Media in an $8 billion deal that merges David Ellison’s company with the legacy Hollywood studio after acquiring controlling shareholder Shari Redstone’s...

Jan 28, 2025 · A special committee of Paramount Global’s board of directors says it is “bound” by a pending agreement to merge with Skydance Media and will not consider an 11th-hour offer from a rival bidder.

Jul 9, 2024 · Ending months of M&A drama, Paramount Global and Skydance Media, David Ellison’s smaller media and production company, on Sunday announced a two-part transaction that will result in...

Jul 8, 2024 · Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media,...

Jul 8, 2024 · Paramount, owner of Paramount Pictures movie and television studios, the CBS television network and CBS News, announced in a news release late Sunday that it is combining with Skydance, an...

Skydance offers Paramount critical investment and significant entrees into burgeoning new entertainment and media verticals with clear economic upsides. For example, Skydance brings state-of-the-art interactive and gaming proficiencies, …

Jul 9, 2024 · With Skydance set to take control of Paramount, a look at how the deal could change or reshape CBS, Paramount+ and Paramount Pictures.