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mergers & acquisitions
How Shari Redstone's son played a key role in Paramount's Skydance deal
Shari and Tyler weren't crazy about giving up the family business and handing Sumner’s legacy over to an upstart producer, On the Money has learned.
How this famed investor could wreak havoc on Paramount's Skydance merger: 'We want to see all the details'
Cardinale knows the new Paramount run by a new generation of media mogul in David Ellison in an era of AI and technological change, could be the test-case for the...
Shari Redstone flashes Amex gold card, Jeff Bezos brings Lauren Sanchez to 'summer camp for billionaires' in Sun Valley
Media kingpin Barry Diller hinted at a possible last-minute play to acquire Paramount Global on Wednesday to jumpstart the intrigue at Allen & Co.’s “summer camp for billionaires” in Sun Valley,...
Skydance CEO David Ellison -- and scandal-scarred media exec Jeff Shell -- signal $2B in cost cuts for Paramount
Ellison -- the son of tech tycoon Larry Ellison whose Hollywood production company is behind “Top Gun: Maverick” and “Mission: Impossible -Dead Reckoning” -- said Monday that he sees over...
Wedding planners cry foul as The Knot adds to its powerful nuptials network
The Knot has quietly acquired a startup called Simply Eloped – and the deal is stoking concerns that the controversial firm is seizing too much control over the wedding planning...
Paramount, Skydance merger deal ends Redstone era
The Paramount-Skydance deal came together after months of talks that appeared to have derailed when Redstone abruptly called off negotiations on June 11.
Key Paramount investor says he 'may not sell stock' in proposed Skydance merger: 'We are on hold'
Earlier this week, heiress Shari Redstone surprised media insiders with her announcement that she was accepting a merger proposal from Skydance.
Saks Fifth Avenue, Neiman Marcus to merge in $2.65B deal — Amazon to acquire stake
The deal will give Amazon unprecedented access to the luxury market -- a tricky segment where the company has tried and mostly failed to get a credible foothold for more...
FTC unanimously votes to block $4B Tempur Sealy, Mattress Firm merger
The commission said the acquisition could hike prices for consumers, take out competitors and cut jobs at rival mattress companies.
Paramount Global set to ax more employees after 'unacceptable' profit drop
The announcement came at a town hall meeting with Paramount Global's co-CEOs soon after failed merger talks with production company Skydance Media.
LVMH boss buys stake in Cartier owner, sparking takeover rumors: reported
LVMH chairman Bernard Arnault has reportedly bought a stake in the luxury rival that owns Cartier, sparking rumors of a possible takeover battle.
Fisher Investments sells stake to Advent, Abu Dhabi: report
The firm's founder and executive chairman, who is worth an estimated $5 billion, said the agreement would guarantee the firm's 'independence' if he ever decides to stand down.
Legal threat was 'major factor' in collapse of Paramount's $8B deal with Skydance
A legal threat from investor Mario Gabelli was a "major factor" in this week's implosion of Shari Redstone's deal to merge Paramount Global with Skydance Media.
Paramount vows to focus on strategic plan after Shari Redstone ends deal talks
The media heiress abruptly ended talks with David Ellison's Skydance on Tuesday, even as a special committee of Paramount's board was poised to meet to discuss deal status.
Shari Redstone kills Skydance bid for Paramount Global
Shari Redstone pulled the plug on a deal to sell Paramount Global-parent National Amusements to Skydance Media in a months-long soap opera over the media giant's fate.
Edgar Bronfman Jr. reportedly eyes joining bidding war for Shari Redstone's controlling stake in Paramount
Skydance Media's CEO David Ellison has also made an offer for Paramount owner National Amusements.
Shari Redstone receives fewest votes in Paramount board election as Skydance drama drags on
Redstone received 32.2 million votes for her election to the board, the lowest out of the six candidates, while also getting the most votes against her election.
Tech founder once compared to Steve Jobs acquitted of fraud over Hewlett-Packard deal
The Autonomy sale was one of the biggest British tech deals at the time but quickly went sour, with HP writing down Autonomy's value by $8.8 billion within a year.
Dollar Tree exploring sale of Family Dollar stores: 'Chain needs a lot of work'
The company operates 8,359 Family Dollar stores, as of Feb. 3. It will close an additional 150 stores by fiscal 2024-end.
Paramount Global shares drop after annual meeting as hopes of merger with Skydance fade
Paramount Global executives revealed a plan to slash costs and find a partner for its streaming service -- but shares fell nearly 5% Tuesday as hopes of a merger with...