shari redstone

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.

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.

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.

Celebs and Hollywood power players are turning on Joe Biden after George Clooney ditched him: sources

Hollywood's elite are at war over President Biden — and it could cost the Democrats millions of dollars and crucial A-list support they rely on.

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.

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,...

Shari Redstone flashes big smile as she jets into Sun Valley for 'summer camp for billionaires' after Paramount deal

An energetic Redstone, who wore a red blazer and sunglasses, was among the first to arrive at the conference – known as a hotbed for closed-door dealmaking as bigwigs gather...

Sun Valley 2024: Paramount, AI, the NBA and Disney -- and why Warren Buffett won't be at 'summer camp for billionaires'

The invite-only events on the lodge’s sprawling grounds are a closely-guarded secret to the public, but the annual conference has traditionally served as a hotbed for dealmaking among moguls like...

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...

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.

Paramount soars as Skydance reaches new deal to buy controlling stake from Redstone

Shares of Paramount Global jumped 6.5% on Wednesday after reports said Shari Redstone's National Amusements had reached a preliminary deal to sell its controlling interest in the storied media company to David Ellison's Skydance Media.

Shari Redstone reaches preliminary deal to sell controlling stake in Paramount to Skydance Media for $1.75B

The media heiress reached a preliminary agreement to sell her controlling stake in Paramount Global to  Skydance Media – just weeks after she walked away from a deal between the two...

Paramount mulls $1.7B offer to sell BET to its CEO and NYC private equity firm: report

Scott Mills is teaming up with Chinh Chu, the head of CC Capital, in a bid for BET, according to Bloomberg News.

Shari Redstone's refusal to sell Paramount to Skydance won't keep her away from the negotiating table for long

After months of intense negotiations, Shari Redstone refused to sell her fading empire to a company known as Skydance.

Wall Street bankers, lawyers losing out on hundreds of millions in fees after Paramount's scrapped merger: sources

Wall Street bankers and white-shoe law firms are losing out on hundreds of millions of dollars in fees after Shari Redstone this week made a last-minute decision to scrap plans...

Legal threat was 'major factor' in collapse of Paramount's $8B deal with Skydance

A legal threat from investor Mario Gabelli was a "major factor" in this week's implosion of Shari Redstone's deal to merge Paramount Global with Skydance Media.

Paramount vows to focus on strategic plan after Shari Redstone ends deal talks

The media heiress abruptly ended talks with David Ellison's Skydance on Tuesday, even as a special committee of Paramount's board was poised to meet to discuss deal status.

Shari Redstone kills Skydance bid for Paramount Global

Shari Redstone pulled the plug on a deal to sell Paramount Global-parent National Amusements to Skydance Media in a months-long soap opera over the media giant's fate.