All articles tagged with #paramount skydance
Originally Published 13 days ago — by Yahoo
MTV is shutting down its last dedicated 24-hour music channels worldwide, including in the UK, as part of cost-cutting measures following Paramount Skydance's merger, with plans to possibly revamp MTV into a streaming service or other formats.
Originally Published 13 days ago — by Variety
The Warner Bros. Discovery board is expected to reject Paramount Skydance's latest takeover offer, which is part of a broader industry contest involving Netflix, with WBD already having a deal to merge with Netflix valued at over $80 billion. Paramount's amended bid, which includes increased financing guarantees and a higher breakup fee, is unlikely to succeed unless Paramount raises its offer further, as WBD remains committed to its current strategic direction.
Originally Published 14 days ago — by TipRanks
Warner Bros. Discovery's stock (NASDAQ:WBD) declined, while Paramount Skydance is considering legal action, according to recent reports.
Originally Published 16 days ago — by Yahoo Finance
Jim Cramer discusses the intense takeover battle for Warner Bros. Discovery, with Paramount Skydance and Netflix vying for control, highlighting Larry Ellison's significant financial backing and the potential influence of the Time Warner board.
Originally Published 18 days ago — by Yahoo Finance
Warner Bros. Discovery's shares dropped over 2% amid reports that Paramount Skydance may abandon its $30 per share takeover bid and consider legal action due to disputes over negotiation handling and potential conflicts of interest, adding uncertainty to the company's strategic review.
Originally Published 21 days ago — by Deadline
Warner Bros Discovery has received an amended takeover offer from Paramount Skydance but advises shareholders not to take action while it reviews the proposal, which includes increased financial guarantees and a higher breakup fee. The company remains committed to its existing Netflix merger deal and is carefully evaluating the new bid.
Originally Published 22 days ago — by Fortune
Billionaire Larry Ellison has personally guaranteed over $40 billion to support his son David Ellison's hostile bid to acquire Warner Bros. Discovery, aiming to counter doubts about the funding's reliability and influence the ongoing takeover battle with Netflix.
Originally Published 27 days ago — by Variety
Warner Bros. Discovery rejected Paramount Skydance's $30 per share takeover bid, citing concerns over valuation, regulatory issues, and the company's strategic direction, while the WBD board favored a deal with Netflix. The negotiations involved intense discussions over pay packages, foreign investment, and regulatory approvals, with Paramount's bid ultimately deemed insufficient compared to Netflix's offer.
Originally Published 27 days ago — by NBC News
Jared Kushner's private equity firm, Affinity Partners, has withdrawn from supporting Paramount Skydance's hostile takeover bid for Warner Bros. Discovery, citing changed investment dynamics, as the bid faces potential rejection and regulatory scrutiny.
Originally Published 1 month ago — by Variety
Paramount Skydance, backed by Middle Eastern sovereign wealth funds from Saudi Arabia, Qatar, and Abu Dhabi, has submitted a higher bid for Warner Bros. Discovery, competing with Netflix and Comcast in a bidding process that could lead to a sale or split of the media giant. The bids are under review, with the potential for exclusive negotiations or further proposals, as Warner Bros. Discovery considers its strategic options.
Originally Published 2 months ago — by Variety
Approximately 600 employees at Paramount Skydance opted for voluntary buyouts to avoid returning to a five-day in-office workweek, amid ongoing layoffs and restructuring following a merger and strategic cost-cutting measures, including divestitures and increased streaming prices.
Originally Published 2 months ago — by Business Insider
Paramount Skydance offered severance packages to about 600 employees who chose not to return to the office, costing $185 million, as part of a broader restructuring that included layoffs and workforce reduction following the company's merger and strategic shifts.
Originally Published 3 months ago — by Variety
Warner Bros. Discovery rejected Paramount Skydance's $20 per share takeover offer, considering it too low, amid ongoing merger talks and industry consolidation discussions.
Originally Published 3 months ago — by Axios
Paramount Skydance has acquired The Free Press for approximately $150 million, with Bari Weiss remaining CEO and editor-in-chief, and taking on a new role as editor-in-chief at CBS News, reporting directly to CEO David Ellison, in a move that could influence CBS's news coverage and editorial direction.
Originally Published 3 months ago — by New York Post
Paramount Skydance's CEO David Ellison is leveraging his new attorney, Makan Delrahim, to persuade Warner Bros. Discovery's David Zaslav to sell the company, with strategies involving potential bids from Netflix and Amazon, amidst industry negotiations and competitive interests.