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🔲  Paramount Global's parent, National Amusements, and Skydance Media have agreed to merge, ending months of speculation and previous deal talks. Paramount, owner of CBS, Paramount Pictures, and Paramount+, announced the merger with Skydance, founded by David Ellison, in a transformative move for the entertainment industry. 🔳 Skydance will pay $2.4 billion for National Amusements, controlling 77% of Paramount's voting shares. Shareholders with non-voting stock will receive $15 per share or one share of non-voting stock in the new company, while Class A shareholders will receive $23 per share or 1.5333 non-voting shares in the merged company. The merger values Skydance at $4.75 billion, with a 45-day window for competing offers. 🔳 David Ellison will serve as chairman and CEO of Paramount, with Jeff Shell as president. The merger marks the end of Shari Redstone's control, continuing her father Sumner Redstone's legacy. 🔳  The deal aims to unite classic and modern Hollywood, combining Paramount's storied history with Skydance's recent successes like "Top Gun: Maverick." The merger is expected to lead to major cost cuts and potential new ventures for Paramount+. #Paramount #Skydance #Merger #Hollywood #EntertainmentIndustry #Streaming #Media #DavidEllison #ShariRedstone #ContentIsKing

🆕 #TMTnews 📽 📸 Thanks to exclusive reporting by The Wall Street Journal, we know have a better picture of Skydance financials and their proposed acquisition of Paramount global. 🔍 According to the WSJ, Skydance projects to more than double its revenue and triple its adjusted earnings in the coming years. With a projected revenue of over $1 BLN in 2024 and a staggering surge to $2.29 BLN in 2025. 📈 Under the proposed merger, Skydance's backers would acquire control of Paramount, followed by Paramount acquiring Skydance in a $5 BLN, all-stock transaction. The valuation of Skydance in this deal reflects its robust growth trajectory, with a projected 15.5 times its 2025 adjusted earnings. Moreover, Skydance anticipates continued growth in 2026, with revenue expected to increase by an additional 10% and profits by over 30%. 💡 This potential merger marks a departure from traditional media transactions, signaling a new era of #innovation and #growth. Skydance's vision of being a growth catalyst for Paramount's assets underscores its commitment to reshaping the entertainment landscape. #SkydanceMedia #ParamountGlobal #EntertainmentIndustry #MergerTalks #FutureOfEntertainment https://lnkd.in/enb8_mYa

NEWS OF THE DAY! Skydance Media Contemplates All-Cash Offer for National Amusements, Eyes Paramount Global Merger 1.     Skydance Media is in discussions to make an all-cash offer for National Amusements, the parent company of Paramount Global (PARA). 2.     Skydance Media CEO David Ellison is considering a bid with financing assistance from his billionaire father, Larry Ellison. 3.     The potential deal involves purchasing at least a majority stake in National Amusements from Shari Redstone and her family. 4.     If successful, the Ellison-led group aims to merge Paramount Global with Skydance in a subsequent transaction. 5.     Talks with National Amusements are in the early stages, and the outcome remains uncertain; any deal could still fall apart. 6.     This development follows previous reports of Skydance Media exploring Paramount's assets and discussions between Warner Bros. Discovery and Paramount Global regarding a potential merger. =>Please follow Finplate and stay updated with the latest #mergersandacquisitions news. Thanks in advance.

UPDATED with latest on Paramount merger talks: A one-month exclusive negotiating window between Paramount Global and Skydance ended at midnight last night and has not been renewed. But the David Ellison company is still in the mix as a special committee of Paramount’s board meets today. The group is considering how to approach a very different all-cash offer from Sony and Apollo. Deadline hears that the committee may be lookin at a so-called “go shop” provision, which allows a public company to explore competing offers even it’s already has a firm purchase offer in hand. The duration of a go-shop period is usually one to two months.

🚀 Exciting News in the Entertainment World! 🚀 Paramount's latest move has the industry buzzing! The iconic company has just announced a groundbreaking merger with Skydance Media, marking a historic shift in its leadership and ownership. 🎬✨ After years of speculation, the Redstone family's control over Paramount will come to an end as Skydance steps in with a bold vision for the future. The deal, valued at $2.4 billion, will see Skydance acquiring National Amusements' stake in Paramount before completing a full merger. 📉 Despite a dip in Paramount's stock, this merger brings promising prospects: 🔹 Paramount Class A voting shareholders will receive $23 a share. 🔹 Class B nonvoting stockholders can cash out at $15 a share. 🔹 Skydance is set to inject $6 billion into Paramount, boosting its financial stability and future growth. With Skydance's successful track record, including collaborations on blockbusters like "Mission Impossible," "Top Gun: Maverick," and "Transformers," the future looks bright. David Ellison will take the helm as Chairman and CEO, with Jeff Shell stepping in as President. 🌟 What’s Next? Expect strategic cost cuts, a focus on cash flow generation, and potential divestments of non-core assets. The deal is set to close in the first half of 2025, subject to regulatory approval. Stay tuned as we witness this exciting transformation and the next chapter in Paramount’s storied legacy! 🎥🌟 #Paramount #Skydance #Merger #Entertainment #BusinessNews #MediaIndustry #Innovation #Leadership #FutureGrowth

🆕 #TMTnews 🎥 🎬 Paramount's Board of Directors opts for exclusive merger discussions with Skydance, choosing it over Apollo Global Management, Inc.'s hefty $26bln all-cash offer. 🔍 This strategic move not only hints at a potential shift in control away from Shari Redstone but also underscores the growing significance of partnerships and strategic alliances in the media landscape. The decision to prioritize Skydance comes amid uncertainties surrounding Apollo's bid, particularly regarding its financing structure. Skydance, led by David Ellison (son of Larry Ellison, Oracle's founder), brings to the table not just financial backing but also a track record of successful collaborations with Paramount on blockbuster films like "Top Gun: Maverick." ✨ This exclusive negotiation period grants Skydance a unique opportunity to solidify its position and potentially reshape Paramount's future. The discussions also highlight the complex dynamics at play, including the involvement of National Amusement and the need for approval from an independent committee of directors. 🎭 Should this merger come to fruition, it could have far-reaching implications, not only for Paramount's streaming services (Paramount+) but also for the broader media landscape. Stay tuned for further updates! #Paramount #Skydance #MediaMerger #EntertainmentIndustry https://lnkd.in/erSuzH8k

📉 Paramount's Merger Plans Unravel: What's Next for the Media Giant? 🎬 After months of negotiations, the much-anticipated merger between Paramount Global and Skydance Media has collapsed. Paramount's largest shareholder, Shari Redstone, called off the talks just as a deal seemed within reach. The merger, valued at around $8 billion, faced last-minute disagreements over terms and legal protections. This is not the first time Paramount has sought strategic alignments. Previously, there were discussions with Apollo and Sony about a $26 billion acquisition, but those talks also fell through. As Paramount's search for a buyer continues, their stock has dropped by 8%, reflecting investor uncertainty. This development underscores the challenges in the entertainment industry's consolidation efforts. What's next for Paramount? The company remains on the lookout for potential buyers or strategic partnerships that can align with its vision and stabilise its future in a rapidly evolving media landscape.

🆕 #TMTnews 🔗 🔝 Skydance Media and Paramount Global agree to deal terms 🤝 Skydance and Paramount have signed a definitive agreement to establish "New Paramount" – a groundbreaking media and technology enterprise. 🌟Key Highlights: - 💵 Major Investment: The Ellison Family and RedBird Capital Partners are investing over $8 BLN into the new entity, acquiring National Amusements, Inc. - 👍 Stockholder Benefits: Class A stockholders to receive $23 per share, and Class B stockholders $15 per share, with a total of $4.5 BLN in cash available to public shareholders. - 👥New Leadership: David Ellison will serve as Chairman and CEO, with Jeff Shell as President. This dynamic team is set to rejuvenate Paramount and CBS brands. - 💡Innovative Vision: New Paramount aims to be a creative-driven hub for storytellers, enhancing content delivery via Paramount+ and Pluto, and revitalizing linear networks CBS and Paramount. - 🎯Strategic Repositioning: The plan includes boosting profitability, stability for creators, and expanding investment in digital platforms. 🔍 Transaction Details: - Skydance to merge with Paramount in an all-stock transaction, valuing Skydance at $4.75 BLN. - Skydance Investor Group to own 100% of New Paramount Class A shares and 69% of Class B shares post-transaction. - The cash election offers a 48% premium to Class B stock and a 28% premium to Class A stock as of July 1, 2024. 🚀Impact and Future Vision: - This merger consolidates financial and technological prowess with Paramount’s iconic IP, ensuring a creative-first, technologically advanced future. - Emphasis on animation, gaming, film, sports, news, and television, with enhanced digital presence. - Promises to preserve the 100-year legacy of Paramount and the cherished CBS brand, securing a prosperous future for the creative community. This merger represents an exciting transformation for the entertainment industry, promising stability, innovation, and growth for Paramount and its stakeholders. #Skydance #ParamountGlobal #NewParamount #MediaInnovation #EntertainmentTransformation #Leadership #Investment #Technology #ContentCreation #Merger

Redstone will likely sit tight now, pursuing deals that buy her out but don’t involve a merger — cleaner and simpler. Edgar Bronfman Jr. with Bain behind him is exploring an offer, as is producer Steven Paul with some deep-pocketed partners. But she also may not do anything immediately, choosing to pay down debt, raise the company’s value and try to sell it again at a later date and take a shot on the new CEO troika of Brian Robbins, George Cheeks and Chris McCarthy. For in them is the confidence that they’ll do what former Paramount Global CEO Bob Bakish didn’t do: sell off assets such as BET and Showtime. At the annual shareholders meeting last week, Robbins, Cheeks and McCarthy laid out a path to divest non-core assets, unlock the value of content and possibly find a joint venture partner for streaming service Paramount+. As unorthodox as three chiefs seem, they are seasoned executives and Redstone seems to wants to keep them in place for now.