Paramount appears close to merger

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ZoWie
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Paramount appears close to merger

Post by ZoWie »

Still dotting i's and crossing t's, but the winds of change can no longer be ignored. Paramount seems to be committed to merging with somebody. Probably it'll create another one of those lumpy conglomerates that does everything, a la MGM and Warner's.
"We must remember that we cannot abandon the truth and remain a free nation." --Liz Cheney, Republican, 7/21/22
ap215
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Joined: Sun Oct 24, 2021 10:41 pm

Re: Paramount appears close to merger

Post by ap215 »

That would be Skydance Media i believe The Justice Department will have a major say on this.

Paramount shareholders are outraged by its merger plans: 'They're basically stealing the company'

After months of speculation and backdoor meetings, Paramount Global has reportedly settled on a merger partner: Skydance Media, the film production company behind Top Gun: Maverick and Mission: Impossible — Dead Reckoning Part One.

Skydance — led by David Ellison, the son of Oracle co-founder and billionaire Larry Ellison — has agreed to pay a “little more” than $2 billion for National Amusements, the parent company behind Paramount, Bloomberg News reported. Its current head, Shari Redstone, led Viacom and CBS’s 2019 merger into what is now called Paramount Global.

https://qz.com/paramount-global-merger- ... 1851403539
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