David Ellison's Skydance Media explores acquiring all of Paramount Global, sources say
Publishing timestamp: 2024-01-25 09:41:36
Summary
Skydance Media is exploring a deal to take all of Paramount Global private. Skydance has exchanged preliminary information with Paramount, but full due diligence has not started. The deal is contingent on merging Skydance with Paramount, and if successful, it would result in the complete privatization of the larger media company. Paramount Global shares rose in premarket trading. Talks with Skydance could fall apart, and there are other potential buyers, such as Warner Bros. Discovery.
Sentiment: NEUTRAL
Tickers: CMCSA, KKR, PARA, WBD, ORCL,
Keywords: oracle corp, paramount global, breaking news: business, kkr & co inc, business news, technology, media, warner bros discovery inc, comcast corp,
Source: https://www.cnbc.com/2024/01/24/david-ellisons-skydance-media-explores-buying-paramount-global.html