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National Amusements

All articles tagged with #national amusements

business1 year ago

Mario Gabelli Eyes Paramount-Skydance Deal Amid Logo Criticism

Fund manager Mario Gabelli, a major Paramount Global shareholder, is seeking detailed records of the $2.4 billion Skydance-Paramount deal to understand the payout to Shari Redstone and its implications for other shareholders. Gabelli is concerned about the fairness of the terms, which require Class A shareholders to tender their shares for $23 each or exchange them for Class B non-voting stock. While he has no immediate plans to sue, he emphasizes the need for transparency before making any decisions.

via Deadline|
#business#mario-gabelli#national-amusements
business1 year ago

Paramount and Skydance Finalize Merger Deal Amid Rival Bids

Paramount Global's Chair Shari Redstone is dissatisfied with Skydance Media's reduced offer for the family's controlling stake, opening the door for rival bidders. Skydance CEO David Ellison lowered his initial $2.5 billion offer to $4.75 billion, creating more cash for shareholders but displeasing Redstone. This has allowed other interested parties, like Hollywood producer Steven Paul, to present their offers. Paramount's co-CEOs have proposed a restructuring plan amid declining fortunes, and the company is evaluating options, including a potential joint venture for its streaming service.

via Reuters|
#business#merger-talks#national-amusements
business1 year ago

"Paramount's Board Faces Tough Decisions Amid Buyout Rumors and Merger Talks"

Paramount's board faces the challenge of balancing the interests of shareholders and navigating Shari Redstone's influence as the company's most influential shareholder. Redstone's decision to sell her controlling stake in Paramount has raised questions about whether the deal is in the best interest of all shareholders or just Redstone herself, given the complex ownership structure and potential incentives at play.

via The New York Times|
#business#media-industry#national-amusements
business1 year ago

"Paramount and Skydance in Exclusive Merger Negotiations"

Paramount Global's stock surged over 15% as Skydance's David Ellison is poised to secure a majority stake in National Amusements, controlled by Shari Redstone, with a tentative agreement possibly reached. The exclusive negotiating period with Skydance and Paramount signals progress after months of speculation, amid interest from Warner Bros. Discovery and Apollo Global. Paramount's financial challenges and recent bond downgrade by S&P add complexity to the potential deal, which would involve acquiring NAI and merging Skydance and Paramount.

via Deadline|
#business#merger-talks#national-amusements
business1 year ago

"Apollo's Pursuit of Paramount Global Continues, Distancing from National Amusements Buyout"

Apollo Global Management is reportedly distancing itself from a potential buyout of National Amusements, the Redstone family company that controls Paramount Global, due to regulatory concerns following the FCC's rejection of a hedge fund's bid for the Tegna station group. Other potential buyers for Paramount Global include David Ellison, Byron Allen, and a special board committee has been formed to evaluate bids. Shari Redstone, head of National Amusements, controls nearly 80% of the Class A voting stock, making any acquisition a complex process.

via Deadline|
#acquisition#apollo-global-management#business
business2 years ago

"Skydance Media's Potential Takeover Sends Paramount Stock Soaring"

Paramount Global stock surged up to 8% on reports of a potential take-private deal with Skydance Media, Redbird Capital, and KKR aiming to acquire National Amusements, the holding company of Paramount. The deal, still in early talks, would involve merging Skydance with Paramount, potentially taking the media company private. This follows rumors of Paramount being a target for acquisition or merger due to its smaller size compared to competitors. The company has been divesting non-core assets to reduce debt and improve its balance sheet, with analysts predicting a Paramount deal could trigger further media industry consolidation.

via Yahoo Finance|
#business#manda#national-amusements
business2 years ago

"Skydance Media's Potential Takeover of Paramount Sparks 5% Stock Surge"

Paramount Global's stock surged up to 8% following reports of a potential take-private deal with Skydance Media, Redbird Capital, and KKR aiming to acquire National Amusements, which controls Paramount. The deal, still in early talks, would involve merging Skydance with Paramount and potentially taking the media company private. This news comes amid rumors of Paramount's potential sale and layoffs at the company as it aims to streamline operations and drive streaming profitability. Analysts predict that a Paramount deal could trigger a wave of media mergers and acquisitions in the industry.

via Yahoo Finance|
#business#manda#national-amusements
finance2 years ago

"GDP Growth Surges, Tesla Slides: Stock Market Futures Edge Up Today"

Paramount Global stock surged on reports of potential M&A deal with Skydance Media and financial backers to acquire National Amusements, the holding company that controls Paramount. The deal, in early talks, could lead to merging Skydance with Paramount and taking the media company private. Warner Bros. Discovery has also been rumored as a potential buyer. Paramount, with a market cap of around $9 billion, has become a top pick for a breakup or merger due to its small size relative to competitors. The company also announced layoffs and a focus on driving streaming profitability.

via Yahoo Finance|
#finance#manda#national-amusements
business2 years ago

"Skydance Media CEO David Ellison Bids for Paramount Global Control"

Skydance Media CEO David Ellison has reportedly made a preliminary offer to buy Shari Redstone’s stake in National Amusements, the family holding company that controls Paramount Global, as part of a potential acquisition. The move is seen as a step towards acquiring Paramount, with Ellison aiming to merge Skydance and Paramount and potentially divest the company’s other assets. The media industry has been abuzz with rumors about a Paramount deal, as the company faces financial strain due to streaming losses and a weak ad market.

via Deadline|
#acquisition#business#media-industry
business2 years ago

"Skydance CEO David Ellison Bids for Paramount Global, Redstone Media Empire"

Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, in a move to take control of Paramount Global. Discussions have been held about merging Paramount with Skydance Media after Ellison takes control, with both sides hiring advisers and exchanging financial information. Shari Redstone, seeking a buyer for National Amusements, and Ellison declined to comment, while Paramount did not immediately respond to requests for comment.

via New York Post |
#business#david-ellison#national-amusements
business2 years ago

"Skydance Considers All-Cash Bid for Paramount in Merger Talks"

Shari Redstone is launching an auction of National Amusements, the holding company that controls Paramount Global, seeking a steep markup for the company. The auction has attracted interest from potential bidders including Warner Bros. Discovery and Skydance, with talks of a possible merger. National Amusements faces financial challenges, including a looming loan payment and debt obligations, making it a tough sell to private-equity firms. Regulatory hurdles and antitrust concerns also pose challenges for potential buyers in the media industry.

via New York Post |
#auction#business#media-industry
business2 years ago

Shari Redstone Contemplates Selling Media Empire Amid Paramount Deal Speculation

Shari Redstone, the daughter of Sumner Redstone and ruler of a vast media empire that includes Paramount Pictures, MTV, Nickelodeon, and CBS, is considering selling her family's controlling interest in Paramount's parent company, National Amusements. Financial pressures, including declining subscriber numbers and competition from streaming giants like Netflix, have put Paramount in a difficult position. Potential suitors for Redstone's stake and the company include Warner Bros. Discovery and Skydance. Redstone is being advised by BDT & MSD Partners, and talks have been held with media companies and technology firms. However, any deal would require overcoming financial and nonfinancial obstacles.

via The New York Times|
#business#media-empire#national-amusements
business2 years ago

Shari Redstone Contemplates Paramount Sale as Stock Surges

Shari Redstone, media mogul and controlling stakeholder of National Amusements, is reportedly in talks to sell her stake in the company, which includes Paramount movie studio, CBS, and MTV. The potential deal with Skydance, founded by David Ellison, could have significant implications for the media industry, potentially triggering a wave of reordering and acquisitions. Redstone's consideration to sell comes as her holdings face economic pressures, including long-term debt obligations and an unreliable advertising market. The decline of traditional television and the struggle of streaming services to replicate cable TV profits have contributed to the industry's feverish deal-making.

via The New York Times|
#business#media-industry#national-amusements