Advertising giants Interpublic, Omnicom in talks to merge: report
Advertising and marketing conglomerate Omnicom Group is in talks to acquire Interpublic Group in an all-stock deal that would likely value Interpublic at $13 billion to $14 billion, excluding debt. About. The Wall Street Journal reported Sunday. The deal, which would be Madison Avenue's largest to date, could be announced as early as this week, […]
Skydance Media close to $8 billion deal to merge with Paramount Global
Skydance Media may finally get regulatory approval for its $8 billion deal to merge with Paramount Global, but the process could be a bit like 'Mission: Impossible' do not have. That's the word from people close to the mega-deal, who say that under the terms of the merger approval, which is being discussed by the […]
Shell and Equinor to merge UK North Sea oil and gas assets | Shell
Shell and Equinor will combine their offshore oil and gas assets in the UK North Sea to form a new company with 1,300 employees. The Aberdeen-based company will become the North Sea's largest independent producer and is expected to produce more than 140,000 barrels of oil equivalent (BOE) per day next year. Shell said there […]
Special committee of Paramount Global endorses plan to merge with Skydance Media, source says By Reuters – Investing.com
Investing.com — The S&P 500 continued its record rally on Monday, closing at an all-time high for the fourth consecutive day amid caution ahead of Federal Reserve Chairman Jerome Powell’s congressional testimony this week and key inflation data. As of 4pm ET (20:00 GMT), the S&P 500 was up 0.06% to hit a new closing […]
Paramount and Skydance Merge, Signaling End of Redstone Family’s Reign in Hollywood
NEW YORK (AP) — Entertainment giant Paramount is merging with Skydance, ending the Redstone family’s decades-long run in Hollywood and injecting badly needed cash into the long-established studio that has struggled to adapt to a changing entertainment landscape. It also signals the rise of a new strongman: David Ellison, the founder of Skydance and son […]