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variety.com

27.04.2024 / 18:53

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Bob Bakish Out as Paramount Global CEO

Cynthia Littleton Business Editor Amid the M&A drama enveloping Paramount Global, Bob Bakish is about to step down as CEO after eight years at the helm of Shari Redstone’s media empire. Bakish is expected to resign under pressure as early as Monday.

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Skydance Still In Pole Position For Paramount As Two Hash Out Terms; Sony & Apollo Waiting In The Wings

Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison’s studio and its backers take control of the storied film and television company owned by Shari Redstone. The exclusive month-long negotiating period through May 3 is likely to be extended perhaps by a few weeks, Deadline hears, given the complexity of the transaction.

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Paramount Shares Leap As Investors Cheer Sony-Apollo Scenario

Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo’s bid for Paramount.

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Sony In Talks To Team With Apollo In Bid For Paramount Global

Remember those rumors, oh, eight years ago about how Sony was a target for acquisition?

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Paramount Stock Falters As Investors Sweat Details Of Skydance-National Amusements Talks

Paramount Global‘s beleaguered stock faltered Monday as investors fretted over the ongoing talks between controlling shareholder National Amusements Inc. and Skydance Media.

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Paramount Stock Rides Roller Coaster Back Down After Report That Shari Redstone Is “Unconvinced” By Apollo Offer For Studio

Paramount Global shares, which soared Wednesday on news that Apollo had made an $11 billion offer for Paramount Pictures, has slumped today after a report splashed cold water on the scenario.

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Paramount Stock Retreats on Report Shari Redstone Not Interested in Apollo’s $11 Billion Studio Buyout Bid

Todd Spangler NY Digital Editor Shari Redstone looks like she remains firmly opposed to breaking up Paramount Global. Redstone, president of National Amusements Inc. — the controlling shareholder of Paramount Global — was “unconvinced” by Apollo Global Management’s $11 billion offer to buy Paramount’s film and TV studio, the Financial Times reported, citing anonymous sources.

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Apollo Distancing Orbit From National Amusements Buyout As The Pursuit Of Paramount Global Continues – The Dish

EXCLUSIVE: We are hearing that Apollo Global Management, who was mulling an offer for National Amusements, the Redstone family company that controls Paramount Global, is no longer considering that now.

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Paramount Stock Climbs On Report That Private Equity Firm Apollo Is Mulling A Bid For National Amusements

The Offer is the name of a series on Paramount+. Now, it could be the logline for Paramount Global.

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Jeff Zucker-Led RedBird IMI Takes Stake In ‘The Morning Show’ Studio Media Res

RedBird IMI, a joint venture investment firm led by Jeff Zucker, has taken a stake in The Morning Show production entity Media Res.

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Warner Bros. Discovery, Paramount Global in Merger Talks

Warner Bros. Discovery and Paramount Global have held talks about a potential merger of the two media companies, Variety has confirmed.

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David Ellison & RedBird Capital Kicking Paramount Global’s Tires Via National Amusements – The Dish

EXCLUSIVE: There’s a lot of noise in town about Skydance Boss David Ellison and RedBird Capital making a go at Paramount Global, but via National Amusements.

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Jeff Zucker Eyes Push Into U.S. for Daily Telegraph if Bid to Buy British Newspaper Is Successful

Leo Barraclough International Features Editor Jeff Zucker, the former president of CNN and onetime CEO of NBCUniversal, is eying a push by right-leaning British newspaper The Daily Telegraph into the U.S. if his company’s bid to buy the title is successful.

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