Latest in Skydance Media

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…

Skydance Media is urging Paramount Global to stop considering a proposal by an investor group led by Edgar Bronfman Jr. to buy control of the company, threatening to withdraw its own merger offer. In a letter from its lawyers on Thursday, Skydance told the committee of Paramount’s board of directors…

Paramount is taking more time before an official handshake with Skydance, using an extra 15 days allotted in their merger contract to explore another bid – a surprise, last-minute offer from Edgar Bronfman Jr., one that the heir to the Seagram liquor fortune has just sweetened. The special committee…

CBS Sports CEO David Berson said the volatility at parent company Paramount Global, which is laying off 15% of its U.S. workforce and preparing to merge with Skydance Media, isn’t taking his division off its game. “There's no doubt that the media and entertainment world is incredibly complex these…

UPDATED with press release status and stock movement. Paramount Global shares, which had ticked up 1.6% Wednesday amid word of a left-field acquisition offer, sank in after-hours trading as questions were raised about the legitimacy of the purported bid. Deadline wrote about the offer from a company…

EXCLUSIVE: Sony will not be one of those rival parties trying to shore up a better bid during Paramount Global’s “Go Shop” period following the $8 billion offer by David Ellison’s Skydance Media. This is according to sources tonight. The news formally puts to rest the only other confirmed offer on the…

Paramount Global stock fell 5% on Monday as investors absorbed details of the company’s merger agreement with Skydance Media. The companies are targeting a closing of the deal in the third quarter of 2025. Skydance and its backers are investing $8 billion in Paramount in a transaction assigning the…

As news of Skydance Media’s merger with Paramount Global sank in across the media business, top execs from Skydance and chief backer RedBird Capital on Monday lifted the veil on negotiations, streaming plans, their regulatory outlook, Larry Ellison’s role and a host of other topics. One question on…

In the wake of Skydance Media’s landmark merger agreement with Paramount Global, Skydance CEO David Ellison acknowledged the need for patience during the road ahead before the deal is expected to close. With about a year’s worth of regulatory review and preparation ahead of the projected…

Jeff Shell, the former CEO of NBCUniversal who will become president at Paramount Global as part of Skydance’s pending takeover, is ultra-bullish on the future of linear TV. “Obviously, linear is going to keep declining. I think we’re realistic about that,” Shell said during an investor call Monday…

Skydance Media chief David Ellison said an $8 billion investment by the company and its backers will enable Paramount Global to “double down on its core competency” and embrace technology. Ellison, future Paramount president Jeff Shell and a handful of other stakeholders detailed their plans for the…

Paramount Global controlling shareholder Shari Redstone, along with the conglom’s co-CEO troika, waved pom-poms Sunday night to staff about the upside to Skydance’s $8 billion takeover of the storied studio, CBS network and Viacom cable networks. Already, employees are sweating over the looming $500…