Paramount Global's ongoing negotiations to merge with David Ellison's Skydance Media have hit a crucial stage, with reports indicating that the deal is unlikely to close within the initial 30-day window. The merger talks are described as sensitive, and due diligence continues as both parties work through the details. If the merger proceeds, former NBCUniversal chief Jeff Shell is expected to take on the CEO role at Paramount, while former CNN chief Jeff Zucker may take over CBS. Additionally, the deal includes a deleveraged recap with a multibillion-dollar PIPE. Meanwhile, other potential buyers, including Sony and Apollo, are reportedly interested in Paramount, with Sony offering assets like gaming, music, and global operations that could enhance Paramount's distribution scale.
Paramount Global’s controlling shareholder Shari Redstone has a tough decision looming https://t.co/nuV2Kw4Zqa
$PARA (+9.5% pre) Redstone’s Deal Dilemma: Give Paramount Investors a Vote or Not? - BBG https://t.co/TEG7fgkbG1
Sony //Apollo…..and Paramount……Sony brings gaming( Microsoft/Activion),,MUSIC ),theatrical content ,global ops/and adds scale to distribution….Apollo financial engineering (+ability to own tv stations re FCC rules re limits on fgn. ownership) …..++ $
Although Paramount is currently in negotiations to merge with Skydance, Sony and another company are waiting in the wings for a potential purchase. https://t.co/1fMNfzfwme
EXCLUSIVE: Paramount-Skydance Deal Unlikely to Close in 30-Day Window, Due Diligence Continues https://t.co/DwAAYjKvW7
Paramount-Skydance Deal Unlikely to Close in 30-Day Window, Due Diligence Continues | Exclusive https://t.co/DwAAYjKvW7
Nussbaum says there is flexibility on the site and there will be room for an arena district. Says they have a Plan B if talks with the Senators go off the rails #Sens
Nussbaum says it's too early to say if there will be a deal in September. "There's no major sticking points," says Nussbaum #Sens
Nussbaum says there's a lot of work on the #Sens side "on the financial model" for a new rink.
👀 .... *If* David Ellison's Skydance gets Paramount, former NBCUniversal chief Jeff Shell is poised to take C.E.O. role while former CNN chief Jeff Zucker is poised to take over CBS, per @WilliamCohan: https://t.co/MIxDzhHPRc
👀 .... *If* David Ellison's Skydance gets Paramount, former NBCUniversal chief Jeff Shell is poised to take C.E.O. role while former CNN chief Jeff Zucker is poised to takeover CBS, per @WilliamCohan: https://t.co/MIxDzhHPRc
NEW @WilliamCohan has the skinny on the David Ellison-Paramount deal, featuring a deleveraged recap with a multibillion-dollar PIPE, Jeff Shell’s return to the top ranks of the media world, and a potential Jeff Zucker revival as a top TV exec. https://t.co/8zx7FZo3sa
No deal has been finalized and negotiations remain at a sensitive stage, according to the sources. https://t.co/7gMtqzq2DM
.@davidfaber has the latest on Paramount's potential merger with Skydance. https://t.co/hHeWw5fRsU
Paramount not expected to reach deal with Skydance by 30-day deadline: report https://t.co/9aWz9uCdvD https://t.co/qX2Npz1I9P