Even with Paramount’s merger agreement with Skydance, the takeover saga continues.
As the film and TV industry contends with strings of layoffs, a changing business landscape, and a shift toward more ads in streaming, Paramount is looking to join forces with another company. For the past several months, Paramount has entertained deals from several potential suitors, including Warner Bros. Discovery, Apollo Global Management, and media mogul Byron Allen.
However, Paramount eventually signed onto a sweetened merger agreement with Skydance Media that would value the combined companies at $28 billion. The deal would also give Skydance control of Paramount parent company National Amusements.
But the saga doesn’t end there. A new $6 billion takeover bid from media investor Edgar Bronfman Jr. threatens to upend Paramount’s plans to merge with Skydance. You can keep up with all the latest about the Paramount merger below.
source https://www.theverge.com/2024/3/12/24098476/paramount-merger-rumors-deals-news