Search results
- After months of high drama and boardroom tension, Paramount Global’s proposed sale to David Ellison’s Skydance Media collapsed Tuesday after failing to win approval from its onetime biggest supporter, controlling shareholder Shari Redstone.
People also ask
Why did the Redstones not sell Paramount?
Why did Shari Redstone pull the plug on Paramount?
Is Shari Redstone weighing a sale of Paramount's parent company?
Does Shari Redstone still own paramount & National Amusements?
Jun 12, 2024 · The Redstones wanted to honor their late patriarch by not selling the family jewels at a low. They anticipate that a better offer for NAI will soon materialize, sources said.
- meg.james@latimes.com
- Senior Entertainment Writer
Jun 11, 2024 · Paramount Global Chair Shari Redstone must decide whether to sell her family’s controlling stake in the battered media company. For now, the company operates under a three-executive CEO...
- meg.james@latimes.com
- Senior Entertainment Writer
Jul 8, 2024 · Skydance, an ambitious movie producer backed by KKR and RedBird Capital, is reverse-merging into Paramount at a $4.75bn valuation. Skydance is separately buying $1.5bn of fresh Paramount equity.
May 11, 2024 · Some shareholders privately grumble that Redstone is selling Paramount at a low because of NAI’s financial woes.
- meg.james@latimes.com
- Senior Entertainment Writer
Jul 8, 2024 · As part of the complicated deal that was months in the making, Paramount Chair Shari Redstone agreed to sell her family’s National Amusements Inc., which controls about 77% of the voting...
Jun 11, 2024 · Shari Redstone pulled the plug Tuesday on a deal to sell Paramount Global-parent National Amusements to Skydance Media — even as a special committee of the media giant’s board was expected to...
Dec 21, 2023 · After the merger, Ms. Redstone encouraged the combined company — eventually renamed Paramount — to use its heft to make an ambitious foray into the streaming wars, stocking its Paramount+ service...
