Shari Redstone kills Skydance bid for Paramount Global
Shari Redstone on Tuesday called off a deal to sell Paramount Global parent company National Amusements to Skydance Media amid months of soap opera drama over the media giant’s fate. According to the Wall Street Journal, the media heir turned down a $1.75 billion offer from the tech heir for a 77 percent stake. National […]
Shari Redstone receives fewest votes in Paramount board election
Paramount Global Inc. controlling shareholder Shari Redstone received the fewest votes of any other director in the company’s director elections, a filing showed on Friday. Redstone received 32.2 million votes for election to the board, the lowest number of any of the six candidates, but also received the most votes against him, more than 905,000. […]
Nobody knows what Paramount chair Shari Redstone wants to do with conglomerate
Remember Byron Allen? You know, the loquacious media executive who infuriated Paramount’s shareholders by saying he wanted to buy Paramount from Shari Redstone for a whopping $30 billion. Paramount’s market cap of just under $10 billion reflects the melting ice on most of its programming, so it sounded like a pretty good deal. Well, no […]
Paramount investor rips Shari Redstone’s deal to sell media giant
Investors in Paramount Global have slammed Shari Redstone over a deal to sell the company to Skydance Media, claiming the heiress is trying to line her own pockets at the expense of public shareholders. Matrix Asset Advisors implored Paramount’s board in a letter Monday to reject Skydance’s proposed merger with the media giant, calling it […]
Shari Redstone sells National Amusements real estate assets to make $40M debt payment: sources
Shari Redstone’s National Amusements, the holding company that controls the voting stock of media giant Paramount Global, has sold some of its real estate holdings in a bid to hurry up on $40 million in debt repayments that are due this week. was reported in the Post. The media heiress is fighting to maintain control […]
Media heiress Shari Redstone receives preliminary offer for Paramount parent: report
Skydance Media CEO David Ellison has made a preliminary proposal to buy the Redstone family's holding company, National Amusements, as a way to take control of Paramount Global. Bloomberg News reported Wednesday. After Ellison, the son of Oracle founder Larry Ellison, assumed control, he discussed merging with Paramount and Skydance Media, the newspaper reported, citing […]
Shari Redstone banker tied to Warren Buffett amid Paramount sale talks
Shari Redstone's investment banker has made some unusual moves as it explores a possible sale of its Paramount Media empire. And that's fueling even more gossip surrounding the high-profile trade negotiations. Last May, National Amusements, the holding company that controls 10% of the stock and 80% of the voting stock of Paramount Global, owner of […]
Shari Redstone launches auction of Paramount Global holder: source
Shari Redstone will begin a formal auction for National Amusements, the holding company that controls the struggling media giant Paramount Global, the newspaper reported. Redstone's banker, BDT Capital Partners, the 69-year-old daughter of media mogul Sumner Redstone, has circulated non-disclosure agreements to private equity firms giving them access to National Amusement's finances. The company has […]