Deals & M&A
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Casey Bloys to Run Combo HBO Max-Paramount Streamer, Cindy Holland Exits Ahead of Merger
The former Netflix and Sister exec has run Paramount+ since the closing of the Paramount-Skydance merger
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Paramount Pushes $44 Billion Debt Offering to Finance Warner Bros. Acquisition
The studio is awaiting final approval of its settlement with 12 state AGs by a federal judge
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Paramount, State AGs Brush Off Warner Bros. Merger Settlement Concerns, Say Deal Is ‘Reasonable Compromise’ Negotiated at ‘Arm’s Length’
The comments come in response to criticism outlined in a letter from Sen. Corey Booker
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David Ellison’s CNN Challenge Is Already Here
The Media Front: The Paramount CEO had dinner with Trump amidst the president’s ban on the network
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Block the Merger Groups Urge CA Court to Reject ‘Procedurally Unfair’ Paramount Settlement
“The Attorney General for the lead Plaintiff State, California, publicly criticized the very behavioral remedies that the parties now ask the Court to approve,” their amicus brief notes
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MGM Resorts Considering Bid for People Inc.
The move comes after the Barry Diller-owned publisher withdrew a takeover bid for the hospitality company
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Judge Holds Off on Paramount-Warner Bros. Merger Settlement Ruling
Araceli Martínez-Olguín ordered the parties to respond to concerns from Sen. Cory Booker by Monday
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RedBird Capital Takes Majority Stake in Puck at $250 Million Valuation
Media startup tells staff the investment will fuel acquisitions, new markets and expansion while preserving editorial independence
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Paramount to Raise $7.5 Billion in Debt to Help Fund Warner Bros. Discovery Merger
The funds will also be used to help pay down certain existing debt
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Judge Grants Block the Merger Coalition’s Motion to Oppose ‘Weak and Unenforceable’ Paramount-WB Settlement
The order comes as Judge Araceli Martinez-Olguin will address “certain outstanding questions” related to the proposed settlement during a Thursday hearing
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Barry Diller’s People Inc. Withdraws MGM Resorts Takeover Bid
The publisher continues to own a 27% stake in the hospitality company and remains “open to and interested” in the possibility of a strategic transaction in the future
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CNN Chief Mark Thompson Wants to Stay at Network ‘If Paramount Finds Me Useful’
The worldwide chairman and CEO says he remains “fully committed” but has not been told how CNN’s incoming owner intends to run it
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Paramount-Warner Bros. Considers Asking Elon Musk for Equity Investment | Report
Musk has a close relationship with Oracle co-founder Larry Ellison, who has personally guaranteed the merger’s $47 billion in equity financing
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Can Paramount’s CNN and CBS News Oversight Board Actually Work?
Gulf funds are investing $24 billion as the panel is tasked with guarding against shareholder influence
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Deals & M&A
Available to WrapPRO members
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Gavin Newsom Insists He Didn’t Pressure Rob Bonta Into Paramount Settlement
The California governor applauds his state attorney general for getting the work done “at the boardroom, not the courtroom”
