National Amusements Halts Merger Talks with Skydance Media
National Amusements, controlled by Shari Redstone, halts discussions with Skydance Media regarding a potential merger, impacting Paramount Global. Paramount’s shares decline by 10% following the news. Redstone now focuses on selling National Amusements separately, attracting interest from groups led by Steven Paul and Edgar Bronfman Jr. Former President Donald Trump to meet with GOP senators in Washington D.C. to discuss future plans. Israel claims Hamas rejected a proposal for hostages and ceasefire.
Shake-up at Paramount Leaves Industry Uncertain
The recent shake-up at Paramount, with Bob Bakish’s departure and negotiations with Skydance, has left industry insiders uncertain about the company’s future. Shareholders are concerned about the sudden exit amidst ongoing merger talks with charter communications. Speculation surrounds disagreements over the Skydance deal, as Shari Redstone pushes for a potential agreement. Industry veteran Ariel’s Rogers suggests exploring other options like a deal with Apollo and Sony. The focus remains on securing a stable future for Paramount amidst leadership changes and potential deals in the entertainment industry.
Paramount in Exclusive Talks with Skydance for Potential Deal
Paramount is in talks with Skydance for a potential deal, moving towards exclusivity. Shari Redstone is getting closer to selling her media empire, with other investors still pursuing Paramount. Apollo Global Management has submitted an $11 billion offer for the movie studio.