SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Skydance Media LLC is exploring the acquisition of Paramount Global and has now placed its bid for the takeover. The company founded by David Ellison and its financial supporters have submitted an offer, and people familiar with the matter shared this information with CNBC.
Skydance reportedly traded off preliminary information with Paramount Global. However, the entire due diligence for the deal has not yet started, as per CNBC.
Skydance Eyeing National Amusements
Skydance Media wants to buy National Amusements Inc., which owns over 77% of Paramount Global’s voting stock. But this deal’s success depends on merging Ellison’s company and Paramount; thus, Skydance offered to buy the New York-based media company first.
Moreover, the company has been working with KKR & Co. and RedBird Capital Partners to acquire National Amusements. This means that the merger deal with Paramount Global is an important stepping stone for the takeover bid of the Shari Redstone-led mass media firm.
Redstone is said to be mulling the sale of the company as the media landscape is changing and rapidly shifting to streaming. It was pointed out that while Paramount has been in the business for decades, based on the balance sheet, it is now a smaller organization than Netflix, Apple, YouTube, and Amazon, which have all launched streaming services catering to global customers.
Chances of a Succesful Buyout Deal with Paramount
While Skydance Media would need to merge with Paramount to acquire National Amusements, Deadline reported that Paramount may not be interested in selling its prized assets. It was suggested that buying Redstone’s stake in National Amusements could be a cheaper alternative than purchasing the entire company outright.
Meanwhile, the news about Skydance Media’s plans to acquire National Amusements and merge with Paramount first came out earlier this month. Today, sources said that the former finally offered to acquire Paramount to reach its parent company and potentially buy it later.
Photo by: Skydance Media Website
