David Ellison

Michigan football fans are cheering after top high school football recruit Bryce Underwood flipped his recruit from LSU to U of M, a move that may have been helped by NIL (name, image and likeness) deals and a billionaire. What Happened: After winning the NCAA Football championship last season, the...

Billionaire Larry Ellison will own a controlling interest in Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) once the merger with Skydance Media finalizes in 2025. What Happened: Ellison, one of the world's richest people, will be the majority shareholder of National Amusements, the company that has...

One of the biggest media takeover battles has come to an end with Paramount Global, Inc. (NASDAQ:PARA) (NASDAQ:PARAA) confirming late Monday that the “Go-Shop” period has ended. What Happened: The special committee of Paramount’s board said media veteran Edgar Bronfman, Jr...

Mass media and entertainment conglomerate Paramount Global (NASDAQ:PARA) shares are trading higher today. Skydance Media CEO David Ellison outlined a transformative vision for Paramount, positioning the company as a technology-media hybrid amid rising competition from tech giants entering the...

Media company Paramount Global (NASDAQ:PARA) agreed to a merger with Skydance Media to form "New Paramount," valuing the combined company at $28 billion. Here's a look at what analysts are saying and how Paramount Non-Executive Chairwoman Shari Redstone sees the deal playing out. What Happened:...

Editor’s Note: The story has been updated with the latest details on M&A activity. The previous version was based on source-based information suggesting that the Paramount board had endorsed a merger with Skydance Media as David Ellison nears the acquisition of the owner of MTV and CBS....

Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) shares jumped Thursday and are trading higher Friday as a $26 billion bid from Sony Group Corp (NYSE:SONY) and Apollo Global Management (NYSE:APO) is now being considered by a special committee. Meanwhile, Skydance Media is holding exclusive talks with...

Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) announced Monday that CEO Bob Bakish is stepping down from the studio’s as the company continues merger talks with Skydance Media. Paramount said George Cheeks (CBS CEO), Chris McCarthy (CEO Showtime/MTV Entertainment Studios and Paramount Media...

In an unexpected move within political fundraising circles, David Ellison, the son of well-known GOP supporter and Oracle CEO Larry Ellison, has made a notable financial contribution to Joe Biden‘s campaign, stirring interest among political analysts and donors alike. What Happened: David...

Paramount Global (NASDAQ:PARA) is stirring the market’s curiosity as discussions heat up regarding a potential deal with Skydance Media. Skydance founder David Ellison recently met with Paramount’s board, signifying a significant step toward agreeing with Shari Redstone, who owns a...

Paramount Global (NASDAQ:PARA) shares are trading higher Wednesday following reports suggesting Byron Allen made a $14.3 billion offer to acquire Paramount Global. The Details: According to a report from Bloomberg, Allen Media Group has made a $14.3 billion offer to buy Paramount Global, offering...

As media companies scramble to reduce costs and increase profitability, a new potential suitor has emerged with interest in buying Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) parent-company National Amusements. What Happened: According to a report from the Wall Street Journal, Skydance Media CEO...