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Paramount Shares Dip On Report Sony “Rethinking” $26 Billion Bid
Shares of Paramount Global dipped in afternoon trading on a CNBC report that Sony may be “rethinking” a joint bid with Apollo for the company.
A person familiar with the situation said there’s no indication Sony is pulling out of a deal. And the CNBC report noted that the “rethinking” may mean a…
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18 Comments Comment on Paramount Shares Dip On Report Sony “Rethinking” $26 Billion Bid
‘Matchbox’ Movie From Mattel Films And Skydance Lands ‘Extraction’s Sam Hargrave As Director
EXCLUSIVE: After successfully launching the Extraction film franchise at Netflix, director Sam Hargrave has his eyes set on another potential franchise with a piece of IP that is revving its engines to get out the gate. Sources tell Deadline that Skydance and Mattel Films have closed a deal with Hargrave…
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By Justin Kroll
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Donald Trump Is “A Colossal A**hole,” Jeffrey Katzenberg Says; Hasn’t Yet Reached Out To Taylor Swift To Endorse “Decent” Joe Biden
Jeffrey Katzenberg is a man known for choosing his words very carefully most of the time, and tonight the WndrCo boss was pretty candid when it came to Donald Trump and Joe Biden.
"I've known Donald Trump for 50 years," Katzenberg told a well-heeled West Hollywood crowd on Sunday of first meeting the…
Jeffrey Katzenberg On Paramount Drama – “Don’t Count David Ellison Out”
Another big Hollywood name rooting for a Paramount-Skydance deal is Jeffrey Katzenberg, who says that outcome would be "a great win for Paramount and for people in the industry."
Speaking a the Axios BFD Talks: LA this evening, the DreamWorks co-founder and former Walt Disney Studios head…
Paramount To Negotiate With Sony & Apollo But Continue Skydance Talks; James Cameron, Ari Emanuel Back David Ellison – Update
UPDATED with Paramount's board decision to begin new negotiations: A special committee of the Paramount Global board decided at a meeting yesterday to begin talking with Sony and Apollo following the expiration of a month-long negotiating window with Skydance on Friday night.
The committee met over…
Paramount Unveils Bob Bakish Exit Terms, Names Chris McCarthy ‘Interim Principal Executive’ For SEC Purposes
Paramount Global says Chris McCarthy is the company's "interim principal executive officer," a necessity required by the SEC that apparently does not signal he has more decision-making power among a trio of top executives who stepped up to replace Bob Bakish this week in a new Office of the…
Sony, Apollo Make Formal Overture To Paramount Board To Discuss Potential $26 Billion Deal
Partners Sony and Apollo have formally reached out to Paramount’s special board committee asking to discuss a potential $26 billion cash offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison’s Skydance is set to expire.
Paramount share are up more than 13% on…
It’s Official: Bob Bakish Is Out At Paramount Global, Trio Of Division Heads Form New Office Of The CEO
Paramount Global’s CEO Bob Bakish is out. The executive who has been a presence at several iterations of the company since 1997 will exit, effective immediately. A triumvirate of division heads — Brian Robbins, George Cheeks and Chris McCarthy — will step in to lead the company for now in a new office of…
Skydance Best And Final Offer For Paramount: Bigger Cash Infusion, Less For Shari Redstone, More For Other Shareholders – Update
UPDATED with details of revised Skydance offer: Deadline has learned that Skydance’s offer for Paramount, said to be its last and final, includes a sweetened $3 billion cash in injection — up by at least $1 billion contemplated previously. That’s key as a priority is Paramount holding enough cash on its…
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…
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.
The beleaguered stock ended the day at $12.44 after registering more than twice its normal trading volume. Shares…
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By Dade Hayes
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Paramount CEO Brian Robbins Jokes At CinemaCon That Distribution Chief Chris Aronson “Has A Kickstarter” To Buy Studio As Skydance Deal Looms –
What do you do when your conglom might be a target for a takeover? Don’t sweat it and laugh.
As Skydance remains in talks with Paramount Global‘s majority shareholder National Amusements to take control of the studio, Paramount Pictures CEO Brian Robbins made light of sales talks before exhibitors…
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