Shari Redstone
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Matrix Asset Advisors Slams Paramount Over Bob Bakish Exit: ‘Everything About Today’s Update Is a Disgrace’
“This is a major unforced error that will cost the company upwards of $50 million,” the firm’s chief investment officer David Katz tells TheWrap
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Paramount Narrows Streaming Loss 44% to $286 Million, Tops 71 Million Subscribers
The media conglomerate declined to take analyst questions following the departure of CEO Bob Bakish
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Paramount CEO Bob Bakish Steps Down
The exec’s departure coincides with the company’s first-quarter earnings results for 2024
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Skydance Revises Paramount Offer With $3 Billion Cash Infusion to Allay Shareholder Worries
The new terms would sweeten the deal for some non-voting Class B shares, an insider tells TheWrap
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Ariel Investments Demands Paramount Explain ‘Disturbing’ Board Departures Amid Skydance Exclusive Talks
“Transparent corporate filings and statements would end the obfuscation that is whipsawing the stock,” the firm writes in a letter to clients
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Sony-Apollo Bid for Paramount Could ‘Bring Much More to the Table’ Than Skydance, Matrix Asset Advisors Says
The firm argues there’s “near-universal agreement” among Paramount shareholders that David Ellison’s bid is not in their interests
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Paramount, Skydance Make Progress on Potential Acquisition
David Ellison’s media company will infuse $4.5 billion into the studio should deal be completed
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Could a Sony-Apollo Joint Bid Stop a Paramount Shareholder Revolt? | Analysis
But for now, Skydance Media still has until May 3 to turn exclusive talks with the studio into a deal.
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Paramount-Skydance Deal Unlikely to Close in 30-Day Window, Due Diligence Continues | Exclusive
The deal, which requires approval by the Paramount board, is likely to take closer to 60 days, an insider tells TheWrap
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Reddit Group With 1 Million Paramount Shares Are ‘Deeply Disturbed’ by Potential Skydance Deal
The investors have a combined 0.15% stake in the company
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Paramount Global CEO Bob Bakish’s Pay Dips to $31.25 Million in 2023
The package, down from $32.04 million in 2022, includes a $3.1 million base salary and approximately $15.5 million in stock awards
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Skydance to Meet With Paramount Global Management Next Week Amid Merger Talks
David Ellison’s media company is in the process of due diligence, an individual familiar with the negotiations tells TheWrap
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Paramount Shareholder Aspen Sky Trust Urges Board to End Exclusive Talks With Skydance
The firm, which owns approximately 6.57 million shares, accuses the board of violating its fiduciary responsibility by denying other viable bidders a 30-day due diligence period
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Investors Call Skydance Deal for Paramount ‘Suboptimal’ and Warn of Lawsuits
Majority owner Shari Redstone is “only looking out to maximize the value of Shari Redstone” says one large shareholder, who says the board needs to also consider Apollo Global’s bid
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Paramount Shareholder Says Skydance Media’s ‘Suboptimal’ Bid Would Be ‘Detrimental’ to Company Value
Matrix Asset Advisors argues the deal “prioritizes the interests of one shareholder over the broader shareholder base”