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1. • Agreed to merge

     • Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media, ending years of speculation over the company’s fate.
     Reference:

     Paramount Skydance merger: Media empire behind CBS and ‘Top ...

2. People also ask

   Will Skydance Media merge with Paramount global?

   • On July 7, 2024, American media companies Skydance Media and Paramount Global announced a definitive agreement to merge in a deal valued at $8 billion, forming a new entity known as "New Paramount". The agreement values the newly formed entity at approximately $28 billion. The transaction is expected to close in the first half of 2025.

   Proposed merger of Skydance Media and Paramount Global

   en.wikipedia.org/wiki/Proposed_merger_of_Skydance_Media_and_Paramount_Global

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   Why did Paramount cancel Skydance merger?

   • After first coming to a merger deal with Skydance, Paramount and Skydance canceled the proposed merger on June 11 due to unsatisfactory conversations.

   Proposed merger of Skydance Media and Paramount Global

   en.wikipedia.org/wiki/Proposed_merger_of_Skydance_Media_and_Paramount_Global

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   Is paramount combining with Skydance?

   • Paramount, owner of Paramount Pictures movie and television studios, the CBS television network and CBS News, announced in a news release late Sunday that it is combining with Skydance, an entertainment business founded by David Ellison, son of Oracle founder Larry Ellison.

   Paramount Global to merge with Skydance Media - CBS News

   www.cbsnews.com/news/paramount-global-skydance-media-merger/

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   What markets will Skydance enter with Paramount's acquisition?

   • With Paramount's acquisition, Skydance will enter multiple markets, including broadcasting with CBS Entertainment, music with Paramount Music, home media with Paramount Home Entertainment and streaming services with Paramount+.

   Proposed merger of Skydance Media and Paramount Global

   en.wikipedia.org/wiki/Proposed_merger_of_Skydance_Media_and_Paramount_Global

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   Does Paramount global own Skydance?

   • But the entertainment giant has struggled over the past decade. Paramount Global's shares have fallen by more than 75% in the last five years. Skydance is owned by David Ellison, the son of Larry Ellison, who founded US technology giant Oracle.

   Hollywood icon Paramount agrees $28bn merger deal - BBC

   www.bbc.co.uk/news/articles/c4ng95d737do

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   Did Paramount sell 'BET Networks' to SkyDance?

   • According to reports, Paramount started negotiations to sell BET Networks for $1.6–$1.7 billion to purchasers led by Scott Mills, the CEO of the business. On July 7, 2024, Paramount's board approved the deal to merge with Skydance.

   Proposed merger of Skydance Media and Paramount Global

   en.wikipedia.org/wiki/Proposed_merger_of_Skydance_Media_and_Paramount_Global

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3. ir.paramount.com › news-releases › news-releaseSkydance Media and Paramount Global Sign Definitive Agreement ...

   ir.paramount.com › news-releases › news-release

   • Cached

   Jul 7, 2024 · Skydance will merge with Paramount in an all-stock transaction, valuing Skydance at $4.75 billion; Skydance equity holders will receive 317 million Class B Shares valued at $15 per share.

4. variety.com › 2024 › tvWhy Did Paramount Merge With Skydance? 5 Questions ... - Variety

   variety.com › 2024 › tv

   • Cached

   Jul 9, 2024 · Ending months of M&A drama, Paramount Global and Skydance Media, David Ellison’s smaller media and production company, on Sunday announced a two-part transaction that will result in...

   • Author: Todd Spangler

5. Top stories

   • 

     Jeff Shultz, Paramount’s Streaming Strategy Chief, Is Exiting

     Jeff Shultz, who has served as chief strategy officer and chief business development officer of Paramount Global’s streaming division, is leaving the company ...

     Variety via Yahoo

     9 hours ago

   • 

     The Hollywood Reporter

     Paramount Global Sweetens Golden Parachute for Co-CEOs

     3 days ago

   • 

     Variety via Yahoo

     Paramount Will Allow Its 3 Co-CEOs to Resign and Receive Severance If They Are Demoted

     3 days ago

   • 

     Variety via Yahoo

     The Biggest Players in the Global TV Market Ride Waves of Blockbuster Shows But How Long Can It Last as Hollywood Struggles?

     12 hours ago

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6. Videos

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     Paramount Global, owner of CBS News, to merge with Skydance Media

     8 Jul 2024

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     cbsnews.com

     Paramount Global to merge with Skydance

     8 Jul 2024

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     cbsnews.com

     Paramount Global, owner of CBS News, to merge with Skydance Media

     8 Jul 2024

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7. www.cnn.com › 2024/07/08 › mediaParamount Skydance merger: Media empire behind CBS and ‘Top ...

   www.cnn.com › 2024/07/08 › media

   • Cached

   Jul 8, 2024 · Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media,...

8. en.wikipedia.org › wiki › Proposed_merger_ofProposed merger of Skydance Media and Paramount Global

   en.wikipedia.org › wiki › Proposed_merger_of

   • Cached

   On July 7, 2024, American media companies Skydance Media and Paramount Global announced a definitive agreement to merge in a deal valued at $8 billion, forming a new entity known as "New Paramount". The agreement values the newly formed entity at approximately $28 billion.

9. www.bbc.co.uk › news › articlesHollywood icon Paramount agrees merger deal with Skydance Media

   www.bbc.co.uk › news › articles

   • Cached

   Jul 8, 2024 · One of Hollywood's oldest companies, Paramount Global, has agreed to merge with independent film studio Skydance Media. Under the deal, Paramount's non-executive chair Shari Redstone...

   • Author: Peter Hoskins

10. www.cnbc.com › 2024/06/03 › paramount-skydanceParamount and Skydance agree to terms of a merger deal

    www.cnbc.com › 2024/06/03 › paramount-skydance

    • Cached

    Jun 3, 2024 · Paramount and Skydance have agreed to terms of a merger, CNBC’s David Faber reported Monday. A deal could be announced in the coming days, he said. A Paramount special committee and the...

11. www.cbsnews.com › news › paramount-global-skydanceParamount Global to merge with Skydance Media - CBS News

    www.cbsnews.com › news › paramount-global-skydance

    • Cached

    Jul 8, 2024 · Paramount, owner of Paramount Pictures movie and television studios, the CBS television network and CBS News, announced in a news release late Sunday that it is combining with Skydance, an...