The potential $8 billion merger between CBS Sports parent Paramount and Skydance is off, leading to Paramount being in free fall with a massive $15B debt. Legal threats and shareholder dissatisfaction have plagued the failed deal, prompting speculation on potential suitors like Sony or Apollo stepping in.
Wall Street bankers, lawyers losing out on hundreds of millions after Paramount’s scrapped Skydance merger: sources https://t.co/ff4e0IrAVz https://t.co/LIEebILfko
‘MISSION IMPOSSIBLE 8’ is reportedly set to have a budget of over $300M. ‘Dead Reckoning’ earned only $567M globally, causing a loss of $200M+ (Via: https://t.co/v7z0VyHb0b) https://t.co/iFJm2euVHC
A report from @MattBelloni @PuckNews says MISSION: IMPOSSIBLE 8 budget has ballooned to "well over $300 million." This after MISSION: IMPOSSIBLE 7 "lost more than $200 million in its theatrical run. https://t.co/7LEhXdMLqi https://t.co/km2FLiPk9J
Troubled companies that abruptly call off a transformational transaction don’t usually get BETTER afterward. The brutal reality of what’s next for Paramount: ⬇️⬇️ https://t.co/Tqk92ZCo0W
Mission Impossible: how talks to sell Paramount turned into a Titanic flop via @FT https://t.co/poBv1Y6DVJ
Lots of people on here extol family businesses...after reading all the articles about Shari Redstone's inability or refusal to give up her family's business, I am more convinced than ever that closely held family businesses are just bad news. Avoid.
Ariel investments (owns 1.93% of Class B shares) on Shari Redstone being one of the worst stewards of capital they have ever seen $PARA $PARAA “I’ve never seen this kind of scenario where a controlling shareholder will fight for what’s good for them at the expense of all the…
Ariel investments on Shari Redstone being one of the worst stewards of capital they have ever seen $PARA $PARAA “I’ve never seen this kind of scenario where a controlling shareholder will fight for what’s good for them at the expense of all the other shareholders,” John Rogers,…
If you're a fan of juicy sagas about scions of billionaire families, I can recommend @JFK_America @grimes_ce and @annaknicolaou's @FT tale of how Shari Redstone's deal with David Ellison blew up https://t.co/TlclThtvyV
Paramount Has Been On The Ropes Before; A Reminder How Creative Courage & A Suave Front Man Saved The Sinking Studio https://t.co/Cuc60ymXCq
More than six months of gruelling negotiations took place. Then David Ellison’s deal of a lifetime, taking over the century-old Hollywood studio Paramount, suddenly collapsed. What happened? https://t.co/4WVf7g8Ikl https://t.co/Lv29Ug4ugB
One of Paramount's largest shareholders is very, very unhappy with Shari Redstone. Here is Ariel founder John Rogers in a special edition of of Screentime. https://t.co/HX7aKcD3ok https://t.co/LcbHMJbkIU
Legal threat from Mario Gabelli was ‘major factor’ in doomed Paramount merger https://t.co/jn5qkQ4RYc https://t.co/O1hJ4YiYBY
$PARA NYPOST: Legal threat from Mario Gabelli was ‘major factor’ in doomed Paramount merger https://t.co/jabfaxhzLP
Shari Redstone has destroyed more of her family's legacy and wealth than many would have thought possible $PARA What an embarrassment $WBD $SONY Her personal greed has cost Class B shareholders a fortune over the years, and now her company is struggling with a CEO... She has…
Shari Redstone has destroyed more of her family's legacy and wealth than many would have though possible $PARA What an embarrassment $WBD $SONY
Mission Impossible: how talks to sell Paramount turned into a Titanic flop https://t.co/3WG2lmRwmP
📉 Paramount $PARA is in free fall this week. The proposed merger with Skydance fell apart. 🤷♂️3 CEOs. 💸 A massive $15B debt. 📺TV networks in a secular decline. Could Sony $SONY or Apollo $APO step in? https://t.co/klVlzGfgKX
After Failed Sale, Paramount’s New Leaders Have a Mandate to Execute Their Plan | Analysis https://t.co/slrJqgOo9t
My latest: A look inside the chaotic unraveling of the Paramount-Skydance merger $PARA https://t.co/4Gzz3kTX28 via @WSJ
Some, presumably, final thoughts on how it all went wrong @paramountco under Shari Redstone's ownership. https://t.co/8Ut0vF28On
LightShed’s Rich Greenfield Interviewed on The Town Podcast by @MattBelloni @PuckNews Paramount-Skydance Is Dead. What Now? $PARA https://t.co/1aqiOS4JCl
The potential $8 billion merger between CBS Sports parent Paramount and Skydance is off. Could it open the door for a potential union of Paramount with TNT Sports parent Warner Bros. Discovery? Story ⬇️
“We believe National Amusements is keen to sell Paramount eventually,” Greenfield, the analyst, said. “We suspect the next 12-18 months is a ‘pause’ in the Paramount [merger and acquisition] process, not the end.” --- Thanks for the $PARA shoutout @latimes @MegJamesLAT https://t.co/9bhsIGb4vc