Latest in David Ellison

Shares of Paramount Global are softer Tuesday after Edgar Bronfman Jr. exited the Paramount fray last night and shareholders hoping for a bidding war with Skydance were disappointed. “It was a long shot to begin with,” said one investor of Bronfman’s offer. “But you always want a competitive process…

A special committee of Paramount Global’s board set up to steer its M&A process has declared an end to the “go-shop” period in its pending Skydance Media merger and says the transaction will close in the first half of 2025. In a statement tonight following the withdrawal of a rival bid led by Edgar Br…

The Paramount Global ball is back in Skydance’s court as Edgar Bronfman has discontinued his short-lived $6 billion bid to take control of the Shari Redstone-run media giant. "Tonight, our bidding group informed the special committee that we will be exiting the go-shop process. It was a privilege to…

Edgar Bronfman Jr. has upped his bid for Paramount Global, Deadline has confirmed, attempting to pry the Shari Redstone-controlled company away from David Ellison’s Skydance, which signed a merger agreement in July. That deal, however, was contingent on no other better, or at least intriguing, offer…

Investors backing Edgar Bronfman's bid for Paramount Global include producer Steven Paul and John Paul Dejoria, who months ago had been working on their own offer, as well as child actor Brock Pierce and Nurali Aliyev, a Kazakh businessman and grandson of the former president of Kazakhstan. UK investment…

The news of the moment keeps veering between cutbacks and comebacks. Keep your shrink on hold. Paramount is laying off thousands and closing its TV studio, but Skydance's David Ellison, its new owner, promises that an important new slate is on its way…

As the August 21 deadline looms for other parties to make a run at Paramount (or forever hold their peace), the Wall Street Journal reports that Edgar Bronfman Jr. has not exited the Paramount scene but is in talks with investors and preparing a bid. The stock, which frequently jumps about on news…

Fund manager Mario Gabelli, the biggest holder of Paramount Global Class A voting shares after Shari Redstone, said he absolutely needs more information on the Skydance transaction than what's been publicly disclosed before he can decide if he likes terms. On Friday, Gabelli sent a letter to…

Paramount has laid out some terms of its planned merger with David Ellison's Skydance, including what happens if another bidder appears. The deal includes a so-called "go shop" period during which other interest parties can submit offers. It runs for 45 days from the announcement of the deal, which…

Skydance CEO David Ellison said Tom Cruise of Paramount's Mission Impossible and Top Gun franchises "is supportive of the planned merger and that the "outreach that we have received from the entertainment community has been pretty remarkable and humbling." "I think there’s a great opportunity, the…

July in full swing sees top media executives and an impressive political cohort gathered at a storied mountain resort to hike, chat and whitewater raft. The elixir of relaxed proximity distilled in Sun Valley’s rustic woods is credited with hatching a number of consequential deals over the…

S&P Global Ratings, the first to wave a red flag about Paramount's finances last fall, today called the planned merger with Skydance "positive" but said it will continue to monitor the transaction, citing concern over the long lead time amid the ongoing decline of linear television. For now, the…