mergers & acquisitions
Paramount Global receives all-cash competing bid of up to $43B from Apex Capital
Apex said it would assume Paramount's debt of $15.8 billion and would pay the $400 million break-up free to Skydance.
Ex-Warner Music chairman still pursuing bid for Paramount despite Skydance deal: report
Former Warner Music chairman Edgar Bronfman Jr. is still in talks with bankers about a potential bid for Paramount Global's parent, National Amusements.
Barry Diller hints IAC no longer in race for Paramount deal, fears merger will face litigation: report
Diller said he will be "shocked" if the merger does not face a lot of legal challenges.
Paramount shareholder sues to block Shari Redstone's $1.65B deal with Skydance
The plaintiff alleged the merger was unfair and disadvantageous to Paramount's Class B stockholders, who will not receive a fair share of the benefits compared to Redstone and National Amusements.
Cloud security startup Wiz walks away from $23B Google acquisition on antitrust concerns: report
The acquisition would have been Google's largest deal yet.
Toy maker Mattel receives buyout offer from L Catterton, sending shares soaring 20%
The move could prompt other potential suitors to consider bids for Mattel, including rival Hasbro.
Major Paramount shareholder's next move could be a lawsuit as he probes Skydance merger: sources
Mario Gabelli is a serious man, and if he does pull the trigger on litigation, it won't be without a good reason.
Warner Bros. Discovery reportedly mulls breaking up media giant to boost sagging stock
Warner Bros. Discovery, the parent company of CNN and HBO, is reportedly weighing a plan to split its digital streaming and studio businesses from its legacy television networks in order...
Warner Bros. Discovery to lay off nearly 1,000 staffers amid calls from analyst to 'explore stategic options'
Warner Bros. Discovery reportedly is slashing 1,000 jobs as the struggling media giant faces calls to sell off assets that include ratings-challenged CNN. The layoffs, which began earlier this month,...
Google nears deal for cybersecurity startup for whopping $23B: report
Google parent Alphabet is in advanced talks to buy cybersecurity startup Wiz for roughly $23 billion, according to a report by The Wall Street Journal Monday. If a deal is...
Macy's scraps talks to go private for $6.9B with activist investors Arkhouse and Brigade
Macy's board “unanimously determined to terminate discussion with Arkhouse and Brigade that have failed to lead to an actionable proposal with certainty of financing at a compelling value.”
Famed investor preparing possible challenge to Paramount deal: 'Operation fish bowl'
Gabelli Funds, which owns nearly 4.9 million Class-A voting shares in Paramount, is seeking greater transparency around the National Amusements deal.
How Shari Redstone's son played a key role in Paramount's Skydance deal
Shari and Tyler weren't crazy about giving up the family business and handing Sumner’s legacy over to an upstart producer, On the Money has learned.
How this famed investor could wreak havoc on Paramount's Skydance merger: 'We want to see all the details'
Cardinale knows the new Paramount run by a new generation of media mogul in David Ellison in an era of AI and technological change, could be the test-case for the...
Shari Redstone flashes Amex gold card, Jeff Bezos brings Lauren Sanchez to 'summer camp for billionaires' in Sun Valley
Media kingpin Barry Diller hinted at a possible last-minute play to acquire Paramount Global on Wednesday to jumpstart the intrigue at Allen & Co.’s “summer camp for billionaires” in Sun Valley,...
Skydance CEO David Ellison -- and scandal-scarred media exec Jeff Shell -- signal $2B in cost cuts for Paramount
Ellison -- the son of tech tycoon Larry Ellison whose Hollywood production company is behind “Top Gun: Maverick” and “Mission: Impossible -Dead Reckoning” -- said Monday that he sees over...
Wedding planners cry foul as The Knot adds to its powerful nuptials network
The Knot has quietly acquired a startup called Simply Eloped – and the deal is stoking concerns that the controversial firm is seizing too much control over the wedding planning...
Paramount, Skydance merger deal ends Redstone era
The Paramount-Skydance deal came together after months of talks that appeared to have derailed when Redstone abruptly called off negotiations on June 11.
Key Paramount investor says he 'may not sell stock' in proposed Skydance merger: 'We are on hold'
Earlier this week, heiress Shari Redstone surprised media insiders with her announcement that she was accepting a merger proposal from Skydance.
Saks Fifth Avenue, Neiman Marcus to merge in $2.65B deal — Amazon to acquire stake
The deal will give Amazon unprecedented access to the luxury market -- a tricky segment where the company has tried and mostly failed to get a credible foothold for more...