Shari Redstone

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...

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:...

The highly anticipated merger talks between Paramount Global (NASDAQ:PARA) and Skydance have been discontinued, marking the end of a potential deal. What Happened: As reported by The New York Times on Tuesday, the merger discussions between Paramount and Skydance were halted due to the inability...

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...

Media company Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) reported first-quarter financial results that saw revenue miss Street consensus estimates and earnings per share come in ahead of estimates. The company also announced a CEO change with Bob Bakish stepping down. Analysts react to the...

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...

Four Paramount Global (NASDAQ:PARA) directors are set to depart the company as merger talks with Skydance Media proceed. What Happened: Dawn Ostroff, a former Spotify Technology SA (NYSE:SPOT) executive, Nicole Seligman, an attorney and former president of Sony (NYSE:SONY) Entertainment, Frederick...

A potential merger between media companies Skydance and Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) has dominated headlines and could see further consolidation in the media sector. One shareholder of Paramount Global is calling out the merger efforts, which could provide cash to Shari Redstone and...

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...

The annual White House Correspondents’ Dinner takes place Saturday night and will feature a list of media personalities and celebrities alongside the president, first lady, vice president and second gentleman. Here are the key details. The Event: The annual White House Correspondents’...

ViacomCBS Inc (NYSE: VIAC) shares traded higher by 3.9% on Thursday morning after the stock landed a high-profile Wall Street double upgrade. The Analyst: Bank of America analyst Jessica Reif Ehrlich upgraded ViacomCBS from Underperform to Buy and raised her price target from $38 to $53. The Thesis...

Public, a commission-free and fractional trading investing app, formally announced the closure of a $15M Series B funding round, led by Accel and Greycroft, Will Smith’s Dreamers VC, NFL star J.J. Watt, Girlboss founder Sophia Amoruso, creator and entrepreneur Casey Neistat, Behance founder...

The new $25 billion media empire that emerged from the remarriage of CBS and Viacom began trading Thursday, but questions remain about how the combined company will compete in an increasingly crowded landscape of companies beaming content into America's homes and phones. CBS and Viacom...

CBS Corporation (NYSE: CBS) confirmed a merger agreement Tuesday with its sister company Viacom, Inc. (NASDAQ: VIAB). CBS and Viacom share the same parent company, National Amusements, which is controlled by Shari Redstone, daughter of Sumner Redstone. Two Surprise Takeaways One of the...