David Ellison's Skydance Media and its financial backers are considering a potential deal to privatize all of Paramount Global (PARA), according to CNBC. This move follows a preliminary offer made by Ellison to acquire National Amusements Inc.
Paramount Global, a firm owned by Shari Redstone’s National Amusements, is making big layoffs. Paramount CEO Bob Bakish made the revelation in a memo sent to staffers. This news comes as rumors swirl that David Ellison’s Skydance Media is looking to acquire Paramount. Paramount Global is the company that runs Paramount Studios and its media […]
David Ellison’s Skydance is said to have made an offer to buy Shari Redstone’s stake in National Amusements, the holding that controls Paramount Global
Skydance has discussed acquiring National Amusements, the holding company of Paramount Global, but those talks are contingent on a larger deal, sources said.