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.

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,...

Jul 8, 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

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...

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...

The second phase will see an all-stock merger between Skydance Media and Paramount, valued at $4.75 billion. Paramount Global would have 45 days to look for better or matching offers from other bidders before finalizing.

Skydance offers Paramount critical investment and significant entrees into burgeoning new entertainment and media verticals with clear economic upsides. For example, Skydance brings state-of-the-art interactive and gaming proficiencies, …

Jul 8, 2024 · Hollywood is set to experience one of the biggest shakeups in recent years after Paramount Global and Skydance Media signed an agreement to merge the two entertainment giants. Here’s what you...

Jul 8, 2024 · Skydance Media will invest $8 billion into Paramount Global after purchasing its parent company National Amusements. The deal should be completed in the first half of 2025.

Jul 7, 2024 · Streaming-era upstart Skydance Media began scripting a new chapter on Monday for Paramount Global , the day after reaching a deal to acquire one of Hollywood's oldest studios, home of...