US billionaire’s withdrawal clears way for Skydance to complete merger of Hollywood studios
Plus, the Chicago firm looking to become a merchant bank and Edgar Bronfman Jr gatecrashes Paramount’s deal
Billionaire investor secures funding to improve $4.3bn offer to media scion Shari Redstone
$15bn in impairment charges from Paramount and WBD highlight collapse of lucrative business model
Blonde ambition
Paramount and Skydance just merged. Can they compete in the new Hollywood?
Son of Oracle founder believes technology will be crucial to transforming the struggling studio’s fortunes
Possible sequel to this sorry show may be an investor lawsuit
New deal not certain and shareholders in Hollywood group have 45-day ‘go shop’ right to seek better terms
Early affinity between billionaire scions Shari Redstone and David Ellison devolved into stony silence as deal collapsed
Shari Redstone’s 5% economic stake but 77% voting stake had been the rub in trying to close a deal
Decision to halt chaotic sale process has left future of storied Hollywood group hanging in the balance
Private equity group Bain said to back $2bn-plus approach for Shari Redstone’s National Amusements
Controlling shareholder of Hollywood group states ‘confidence’ in co-chiefs pitching to keep company private
Final decision over Hollywood studio group rests with controlling shareholder Shari Redstone
The tussle for the venerable studio has been billed as the money men against the creatives, but the outcome may help decide who survives in the streaming era
The bids for Paramount Global demonstrate where entertainment may be heading
Endorsements from Hollywood’s biggest names come as Sony and Apollo push rival $26bn offer
Expression of intent comes a day before exclusivity window is due to close for rival Skydance Media
Even media royalty has to pay some heed to their subjects
Chief executive leaves in sign of disarray at Hollywood group
Company weighs deal with Skydance as Sony and Apollo prepare counterbid
Media company is already in exclusive talks with Skydance about a potential deal
Potential sale comes after Apollo’s $26bn offer was rebuffed
David Ellison’s Skydance is negotiating for a stake in holding company National Amusements
