Paramount Global Has Agreed to Merge with Skydance Media in a Deal Reportedly Worth $28 Billion

[Peter_Brosdahl]

After months of rumors and speculation, Paramount Global has announced details of its plan to merge with Skydance Media. Previous potential deals included a merger with Warner Bros. Discovery and more recently a total buyout all-cash bid which involved Sony Pictures and an equity firm called Apollo Global Management for a $26 billion. Instead, Paramount Global has announced that it has agreed to a deal reportedly worth $28 billion which will see the parent company rebranded as New Paramount.

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[Brian_B]

I had to look up Skydance, the name wasn't familiar. A lot of high profile action flicks and pretty much anything in the past decade with Tom Cruise - like the new Top Gun, the rebooted Star Trek, and Mission Impossible

Interesting - it was founded by David Ellison, son of the Oracle CEO.

 

[Peter_Brosdahl]

I remember seeing the Skydance logo at the beginning of some movies and also Ellison's name from doing this post but had no idea about the Oracle connection.