Paramount has been exploring a potential deal for months, talking to suitors including Skydance, producer of “Top Gun: Maverick.”
Paramount
Bob Bakish, the media giant’s chief executive, is out, removing an obstacle to a deal with David Ellison's Skydance. But…
Mr. Bakish was once a staunch ally of Shari Redstone, Paramount’s controlling shareholder. His departure comes as the company considers…
The terms of the new deal would provide Paramount shareholders with an investment to pay down debt and buy back…
He was once a staunch ally of the company’s biggest owner, Shari Redstone, but the relationship soured in recent months.
The company and Apollo Global Management are discussing a joint effort, even as Paramount conducts exclusive merger negotiations with Skydance.
The board of directors has to walk a fine line, looking out for investors without running afoul of Ms. Redstone,…
Paramount’s board of directors, which was already deep into talks with the media company Skydance, didn’t engage with the offer.
David Ellison, the founder of the Skydance media company, met with Paramount’s board of directors late last month to discuss…
The company, which is moving away from traditional TV, lost more than $1 billion last year at its streaming division.