After Shari Redstone nixed David Ellison's proposed takeover, the tech scion and his partners continued to work to win over the Redstone family.
A storied movie studio and broadcast network are poised for a generational changing of the guard that could dramatically reshape the entertainment business. Shari Redstone and her family on Tuesday accepted tech scion David Ellison's proposed $2.4-billion purchase of their investment firm, National Amusements Inc., commonly known as NAI, which owns the controlling shares of beleaguered media company Paramount Global.
The arrangement would also require the consent of federal regulators. That process would take months. Momentum grew in recent days because both sides wanted to clinch a deal before next week's annual Sun Valley, Idaho, media mogul conference, which draws such heavy hitters as Walt Disney Co. Chief Executive Bob Iger, Amazon CEO Andy Jassy and founder Jeff Bezos, news baron Rupert Murdoch — and Shari Redstone.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Skydance talks for Paramount near finish line, but Redstone family decision loomsShari Redstone and her children must decide whether to accept a deal that provides family members with $1.7 billion.
Read more »
Paramount Global Owner Shari Redstone Calls Off Skydance Media MergerSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Why Shari Redstone went cold on a Paramount sale to SkydanceThe mogul's stunning eleventh-hour reversal came after a financial deal had been reached with David Ellison's Skydance Media. For now, the storied media company will attempt to go it alone.
Read more »
Paramount soars as Skydance reaches new deal to buy controlling stake from RedstoneShares of Paramount Global jumped 6.5% on Wednesday after reports said Shari Redstone’s National Amusements had reached a preliminary deal to sell its controlling interest in the storied medi…
Read more »
Here's what's next for Paramount after Skydance deal is stopped in its tracksShari Redstone’s National Amusements stopped deal talks between Paramount Global and Skydance. What’s next for the media giant with three leaders at…
Read more »
Here's what's next for Paramount after Skydance deal is stopped in its tracksShari Redstone's National Amusements stopped deal talks between Paramount Global and Skydance. What's next for the media giant with three leaders at the helm?
Read more »