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Paramount Stock Drops 5% On Skydance Merger News

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Paramount Global stock fell 5% on Monday as investors absorbed details of the company’s merger agreement with Skydance Media. The companies are targeting a...
Bussiness

Skydance-Paramount Deal: How Wall Street Views the Details So Far

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After months of back-and-forth, Shari Redstone has finally agreed to sell control of Paramount Global to a consortium led by Skydance Media, led by David Ellison, and RedBird...
Bussiness

Skydance Deal Will Help Paramount “Double Down On Core Competency” And Embrace Technology, David Ellison Tells Investors

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Skydance Media chief David Ellison said an $8 billion investment by the company and its backers will enable Paramount Global to “double down on...
Bussiness

Paramount Global Co-CEOs Tell Staff “It’s Business As Usual” Until Skydance Deal Closes

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Following the news Sunday night of Skydance Media’s $8 billion deal to take over Paramount Global, the current Paramount co-CEO troika of Brian Robbins,...
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Shari Redstone Tells Paramount Employees Skydance ‘Has a Clear Strategic Vision for the Future’; Co-CEOs Say in Memo ‘It’s Business as Usual’ for Now

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After months of talks, Paramount Global and Skydance Media officially announced a deal to merge Sunday night. Shari Redstone, non-executive chair of Paramount Global and...
Bussiness

Paramount and Skydance agree to merge, marking a new chapter for the storied media company

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In 2000, Redstone expanded his media empire again by acquiring CBS, a move that made Viacom one of the most muscular media companies of...
Bussiness

Edgar Bronfman eyes $2 billion-plus bid for company that controls Paramount

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Former media executive...

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