Pension firms sue Paramount over Skydance Media deal
A group of New York pension funds is suing Paramount Global over its blockbuster merger with Skydance Media.
A group of New York pension funds is suing Paramount Global over its blockbuster merger with Skydance Media.
Executives believe the merger will happen sooner than expected, anticipating an easier time with regulatory scrutiny once President-elect Donald Trump takes office.
The media giant settled on a tie-up with Skydance Media, but not before holding talks with others.
The California worker says Paramount failed to provide adequate notification as required under a New York state labor law.
The NFL is discussing a possible divestiture of its NFL Media brand and related properties to Skydance Media and Redbird Capital Partners, according to a report.
Paramount Global is moving forward with a second wave of layoffs, impacting around 15 percent of its remaining workforce.
Former Warner Music Chairman Edgar Bronfman, Jr. is withdrawing his bid for Paramount Global.
Attorneys for Skydance say Paramount’s board committed a “material breach” of their transaction agreement by expanding the “go-shop” window from 45 days.
The former Warner Music chairman has sweetened his offer for Paramount, which includes allowing non-voting shareholders to cash in their stock.
After weeks of speculation, media executive Edgar Bronfman, Jr. has made his play for Paramount Global.
Edgar Bronfman, Jr. is reportedly still interested in making a play for Paramount Global.
The bid would involve spending $2 billion to $2.5 billion in order to acquire National Amusements, Paramount’s largest shareholder.