Connect with us

Hi, what are you looking for?

Tech News

Paramount’s rumored merger with Skydance is off

Paramount Plus logo on a blue and black background
Illustration by Alex Castro / The Verge

Following weeks of discussions, Paramount’s potential merger deal with Skydance has fallen apart, as reported earlier by The Wall Street Journal. In a statement on Tuesday, Paramount’s parent company, National Amusements, said the companies couldn’t “reach mutually acceptable terms” for its deal with Skydance Media.

One possible issue may have been Skydance’s decision not to include legal protection that would shield National Amusements head Shari Redstone from a lawsuit filed by shareholders, according to a report from The Hollywood Reporter. The WSJ reports that now, Redstone is “likely” to pursue a sale of National Amusements without trying to merge Paramount with another company.

Rumors about a merger with Warner Bros. Discovery…

Continue reading…

You May Also Like

Tech News

Illustration: The Verge Canada’s security agency is trying to dissuade Canadians from using TikTok, telling users that their data is “available to the government...

Editor's Pick

On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson walks you through the “heart and soul” of StockCharts – Your Dashboard – and explains...

World News

What makes a libertarian society libertarian? Certainly, one must begin—as did Murray Rothbard—not only with the nonaggression principle, but also with the unequivocal protection...

Editor's Pick

Scott Lincicome Today we’ve published two new essays for Cato’s Defending Globalization project: The More Resources We Consume, the More We Have by Marian...