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Edgar Bronfman Jr to make Paramount bid days before Skydance merger

Alcohol-industry heir Edgar Bronfman Jr. is reportedly preparing to buy Paramount Global, less than a week before its $8 billion merger with Skydance Media becomes official. Bronfman, an entertainment mogul and son of the late Seagram CEO Edgar Bronfman Sr., is in talks with potential investors to back a takeover bid for National Amusements, the […]

Paramount TV Studios to shut down as Shari Redstone-led media giant begins slashing 2K jobs ahead of likely Skydance merger

Paramount Television Studios will be closed as part of a broader cost-cutting effort ahead of parent company Paramount Global’s merger with Skydance Media, company executives said. The entertainment giant’s three co-chief executives announced the closure of the studio, known for producing shows such as “The Offer,” “Reacher” and “13 Reasons Why,” and began major layoffs […]

Albertsons and Kroger agree to pause merger amid legal, regulatory challenges

The FTC’s competition chief speaks on “The Claman Countdown” about the lawsuit to block the Kroger-Albertsons merger. Kroger and Albertsons The two companies agreed on Thursday to temporarily halt their proposed $25 billion merger while regulators take legal action to block the deal. The two companies Merger Pending The lawsuit filed by Colorado is proceeding. […]

Kroger, Albertsons identify nearly 600 locations they will to get merger approved

See what’s clicking on FoxBusiness.com Kroger and Albertsons, which are considering a merger, have identified 579 grocery stores nationwide to sell from their combined total. The plans to sell the stores are linked to the grocer’s efforts to ease concerns expressed by regulators over Kroger’s proposed acquisition of Albertsons. The stores will be acquired by […]

Reform Rejects Merger With Yesterday’s Men Tories

Opinion polls suggest many Conservative supporters are considering merging their party with Reform, but Farage’s growing coalition has dismissed the idea with scorn, saying it is focused on future elections. Reform UK Party leader Richard Tice, newly elected along with four of his colleagues, appeared in good spirits when he appeared on British morning TV […]

Paramount-Skydance merger: what strategies execs plan to use for streaming

See what’s clicking on FoxBusiness.com After Paramount and Skydance announced they had reached a merger agreement over the weekend, executives from Skydance Media and RedBird Capital Partners revealed how they plan to approach Paramount Global’s streaming business. Executives said Monday that their approach to the direct-to-consumer business will include strategies such as improving technology and […]