[arista]

This is Billions of Dollars of Merging
UK 5HD

Part of the merger deal



[Paramount Global has announced
a merger with David Ellison’s Skydance Media.

This strategic move reshapes the media
landscape, placing Ellison at the helm
of the combined entity.
Former NBCUniversal chief
Jeff Shell will serve as president
of the new conglomerate, according to CNN.

The report stated that the merger,
disclosed on Sunday, 7 July,
signifies the end of Shari Redstone’s
control over Paramount through
National Amusements,
a company her father, Sumner Redstone,
meticulously built beginning in the 1980s.

This transaction involves Skydance
purchasing National Amusements
before merging with Paramount,
valuing Skydance at USD 4.75 billion.

Ellison’s production company is set to
invest USD 2.4 billion to acquire
National Amusements and USD 4.5 billion
for the stock/cash merger consideration.
Additionally, USD 1.5 billion in primary
capital will be infused into Paramount’s
balance sheet.]

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