All articles tagged with #shari redstone
Shari Redstone has invested in and become chair of Israeli studio Sipur, marking her first major move post-Paramount Skydance merger. She aims to help Sipur expand internationally and leverage its unique IP creation model, working closely with co-founders Emilio Schenker and Gideon Tadmor.
Shari Redstone, former owner of Paramount Global, justified settling a $16 million lawsuit with Donald Trump over a 60 Minutes interview as a strategic move to facilitate Paramount's merger with Skydance, despite internal disagreements and controversy over editorial decisions and coverage.
Shari Redstone defends Paramount's $16 million settlement with Donald Trump, calling it a 'no-brainer' and reflecting her belief that settling was in the best interest of shareholders amid complex legal and political considerations. She also discusses her motivations related to supporting Israel and her decision to sell Paramount, amid ongoing industry and political tensions.
Shari Redstone expressed skepticism about a reported side deal between Trump and Paramount, hoping it isn't true, and revealed she was unaware of certain dealmaking details during the company's merger process, including a $16 million settlement with Trump over a lawsuit related to a '60 Minutes' interview.
Shari Redstone, after decades of fighting to control her family's media empire, Paramount, finally sold her stake to Skydance Media in 2024, relinquishing her control of the company she once fought to lead, in a deal valued at $8 billion that included significant personal payments.
Shari Redstone, chair of Paramount Global, revealed she was diagnosed with thyroid cancer earlier this year and underwent surgery in May, with ongoing treatment. Despite her health challenges, she continues her professional and philanthropic activities. Her diagnosis adds complexity to her ongoing efforts to merge Paramount with Skydance Media, a deal still awaiting regulatory approval, and her health situation may lead to her stepping down from the merged company's board.
Shari Redstone, controlling shareholder of Paramount Global, announced she was diagnosed with thyroid cancer this spring and underwent surgery, while also managing a legal battle involving a lawsuit filed by President Trump against CBS, her media division.
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.
Paramount Global's shares fell amid uncertainty over Skydance's latest offer, which includes sweeteners for Class B shareholders. Controlling shareholder Shari Redstone is also considering bids from an investor group led by Steven Paul and another interested party. Sony continues its due diligence on a potential deal. Redstone may hold a "majority of the minority" vote to gauge shareholder sentiment and avoid litigation. The situation remains fluid with potential for other bids during a "go-shop" period.
Paramount Global, a historic Hollywood studio, is facing a potential new era as it navigates the challenges of the streaming age and considers takeover bids from Skydance Media and Sony Pictures. Shari Redstone, chair of Paramount Global, is weighing her options amidst corporate upheaval and shareholder dissatisfaction, with the future of the studio and its iconic lot hanging in the balance.
Paramount Global's co-CEOs postponed a town hall meeting due to ongoing speculation about a potential merger with Skydance Media. The meeting, initially set for June 5, has been rescheduled for June 25 to allow for more transparent communication. This comes as Shari Redstone, Paramount's non-executive chair, evaluates a merger offer from Skydance Media.
Paramount Global has postponed an all-employee town hall to June 25 amid ongoing M&A speculation, including a potential takeover by Skydance. The delay aims to provide more clarity on the company's future. During the annual meeting, the three co-CEOs presented a new strategic plan involving cost-cutting and seeking a streaming partner, which will be implemented if no M&A deal is finalized.
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.
Shari Redstone has left investors uncertain as Paramount and Skydance have agreed on merger terms, with further details yet to be disclosed.
Paramount Global, under the leadership of Shari Redstone, has unveiled a new business plan involving $500 million in cost cuts and potential layoffs as it explores a sale to David Ellison’s Skydance Media. The company aims to improve its financial standing and transform its streaming service, Paramount+, while maintaining operations as a standalone entity. The proposed deal with Skydance includes a $4.5 billion buyout of non-voting stockholders and a $1.5 billion cash infusion to reduce debt.