Paramount soars as Skydance reaches new deal to buy controlling stake from Redstone
Paramount Global shares rose 6.5% on Wednesday after reports that Shari Redstone’s National Amusements had reached a tentative agreement to sell a controlling stake in the storied media company to David Ellison’s Skydance Media. Under the tentative agreement, Skydance will buy National Amusements, which owns 77 percent of Paramount’s voting stock, for $1.75 billion, three […]
Hamas Continues to Insist on ‘Unacceptable’ Clause in Hostage Deal
Israeli Prime Minister Benjamin Netanyahu’s office said on Wednesday that the terror group Hamas was posing an obstacle to the hostage deal because it was insisting on “unacceptable” clauses that would force Israel to end the war. This provision would not only end the current conflict, which began when Hamas launched a major terrorist attack […]
Dallas Mavericks Sign One Of Best Shooters Of All-Time Klay Thompson In League-Shattering Deal
The Dallas Mavericks signed former Golden State Warriors shooting guard Klay Thompson to a three-year, $50 million deal, ESPN’s Adrian Wojanrowski reported Monday. The deal comes together in the form of a sign-and-trade, which will also send former Mavericks swingman Josh Green to the Charlotte Hornets, according to Wojnarowski. BREAKING: Free agent Klay Thompson plans […]
Saks Fifth Avenue and Neiman Marcus to merge in $2.65B deal
Saks Fifth Avenue and Neiman Marcus have reportedly agreed to a major merger that would combine the nation’s two largest luxury retailers, with Amazon also participating in the deal. Saks parent HBC, which The Washington Post first reported last summer that it was in merger talks with its longtime partner, is buying Neiman Marcus for […]
News Corp’s OpenAI deal puts publisher on ‘cutting edge of digital age’: Robert Thomson
News Corp and Open AI’s groundbreaking partnership puts The Washington Post’s parent company at the “leading edge of the digital age” at a time of upheaval across the news industry, CEO Robert Thomson said in a memo to employees. The publishing giant’s deal with OpenAI and its CEO Sam Altman, announced in May, allows ChatGPT’s […]
Paramount, Skydance reach tentative merger deal: Reports
Paramount’s parent company, National Amusements, has reached a tentative agreement about a possible merger with media conglomerate Skydance, according to multiple sources. multiple outlet report. Paramount had previously reported that it had called off merger talks with Skydance, with news of the deal collapsing last month. But CNBC reported on Tuesday that a tentative agreement […]
Shari Redstone reaches preliminary deal to sell controlling stake in Paramount to Skydance Media for $1.75B
Shari Redstone has changed her mind again! Multiple reports on Tuesday said the media heiress had reached a tentative agreement to sell a controlling stake in Paramount Global to Skydance Media, just weeks after walking away from the deal between the two companies. Redstone, who controls the entertainment giant through his family-owned 77 percent stake […]
76ers Lock In Tyrese Maxey On $204M Deal To Add To What’s Already Been A Glorious Start To The Offseason: REPORT
The Sixers ain’t playing around, that’s clear. All-Star guard Tyrese Maxey and the Philadelphia 76ers have agreed on a five-year maximum contract extension worth $204 million, according to a Monday report from ESPN’s Adrian Wojnarowski. Maxey along with Klutch Sports CEO Rich Paul, his agent, waited things out with the Sixers for a year to […]
Salman Rushdie stabbing suspect rejects plea deal over terrorism charge | Salman Rushdie
A man charged with stabbing to death author Salman Rushdie in 2022 rejected a plea deal Tuesday that would have reduced his state prison sentence but put him on federal terrorism charges, the suspect’s lawyer said. Hadi Matar, 26, has been held without bail since the attack on Rushdie, accused of stabbing the renowned author […]
Cavinder twins sign three-year Under Armour deal
The twins will always be the twins. College basketball stars and social media influencers Haley and Hannah Cavinder have signed a three-year footwear and apparel endorsement deal with Under Armour. “These two are special. Welcome @haleycavinder and @hanna.cavinder to the team,” Under Armour wrote on social media. The twins had signed non-negotiable contracts with Under […]