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Paramount, Skydance enter exclusive merger talks

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Paramount, the renowned entertainment conglomerate, has embarked on exclusive merger discussions with Skydance, a prominent production company led by David Ellison.

It thereby sidelined a substantial $26 billion bid from Apollo, sources familiar with the matter revealed.

  • Paramount enters exclusive merger talks with Skydance, sidelining Apollo’s $26 billion offer.

  • Skydance’s potential acquisition of Paramount could mark the end of Shari Redstone’s control over the media empire.

  • Paramount’s management excluded from decision-making as Skydance seeks approval for studio merger from an independent committee.

This decision effectively halts any ongoing negotiations with other potential bidders for a period of 30 days, signaling Paramount’s inclination towards striking a deal with Skydance over Apollo’s enticing offers.

Despite Apollo’s substantial bids, Paramount’s directors have opted to explore prospects with Skydance due to uncertainties surrounding Apollo’s financing arrangements.

Skydance’s potential acquisition of Paramount would signify a significant shift in control, potentially marking the end of Shari Redstone’s influence over her family’s media empire, Paramount Global.

Shari Redstone says she did not support a Viacom/CBS split | Reuters

National Amusements sale

Redstone, Paramount’s controlling shareholder, has been engaged in discussions with Ellison since late last year regarding the sale of National Amusements, her family’s media holding company, which commands a significant stake in Paramount.

While Redstone and Ellison have reached preliminary agreements, Skydance’s insistence on merging their studios necessitates a separate deal with Paramount, subject to approval by an independent committee of directors.

Paramount’s management, including CEO Bob Bakish, is reportedly excluded from the decision-making process.

The involvement of Ellison’s father, billionaire Larry Ellison, co-founder of Oracle, is anticipated to bolster Skydance’s financial capabilities in pursuing the merger.

Skydance, backed by investors such as RedBird Capital Partners, KKR, and Tencent, raised substantial capital in 2022, positioning it as a formidable player in the entertainment landscape.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Aden airport closure highlights Saudi-UAE tensions in Yemen

Aden International Airport closes as tensions soar between Saudi Arabia and UAE amid escalating Yemen conflict

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Aden International Airport closes as tensions soar between Saudi Arabia and the UAE amid escalating Yemen conflict

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In Short:
– Aden International Airport closed amid rising Saudi-UAE tensions, stranding passengers and highlighting the Yemen crisis.
– Saudi airstrikes targeted STC positions, escalating the conflict as Saudi Arabia and UAE’s interests increasingly clash.

Yemen’s Aden International Airport closed on Thursday due to rising tensions between Saudi Arabia and the United Arab Emirates (UAE), stranding many passengers. This shutdown highlights an escalating crisis between the two Gulf nations over control of Yemen’s resource-rich eastern provinces. Military operations backed by Saudi Arabia resulted in multiple fatalities.Air traffic was suspended following new flight restrictions imposed by Yemen’s internationally recognised government, which is supported by Riyadh. Instead of compliance, Yemen’s transport minister, aligned with the UAE-backed Southern Transitional Council (STC), announced a total shutdown, leaving travellers in difficult situations, especially those needing urgent medical care.

The aviation discord exemplifies a larger divide fracturing the Saudi-led coalition involved in the Yemen conflict. Recent Saudi airstrikes targeted an STC military camp in Al-Khasah, resulting in numerous casualties. Saudi-backed forces initiated a military campaign aimed at reclaiming control over territory occupied by the STC.

Gulf Powers

The situation escalated when the STC seized extensive regions in Hadramout and Al-Mahra provinces. Saudi Arabia publicly condemned the UAE’s activities as a threat to its national security and demanded troop withdrawal. In response, the UAE refuted the claims and prepared to withdraw its forces, although the STC has remained entrenched in its positions.

The current conflict marks a significant public feud between Saudi Arabia and the UAE. They have collaborated since 2015 to combat the Iran-backed Houthi rebels, but their diverging interests have increasingly placed them in opposition.

UAE stock markets experienced mixed results on Friday, reflecting the ongoing regional tensions. Dubai’s index rose 1.1 percent, primarily driven by gains in Emaar Development and Emirates NBD Bank. Conversely, Abu Dhabi’s index remained stable, impacted by a downturn in Abu Dhabi National Energy Company.


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Russia claims drone evidence; CIA dismisses allegations

Russia presents alleged drone evidence to US, CIA disputes claims, Ukraine calls accusations a fabrication amid peace talk tensions

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Russia presents alleged drone evidence to the US, CIA disputes claims, Ukraine calls accusations a fabrication amid peace talk tensions

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In Short:
– Russia claims Ukraine targeted Putin’s residence with drones, but the CIA dismisses this as disinformation.
– Ukraine denies allegations, arguing they are fabrications hindering peace talks and lacking evidence.

Russia has provided the United States with purported evidence suggesting Ukraine’s involvement in a drone attack aimed at President Vladimir Putin’s residence. This assertion comes as the CIA and other Western officials have dismissed the claims as disinformation.Admiral Igor Kostyukov, head of Russia’s military intelligence, presented a navigation controller from a downed drone to a U.S. military attache. Russian officials claim that the device’s data indicates the drones targeted Putin’s residence in an attack on December 29, involving 91 drones.

The CIA briefed President Donald Trump that Ukraine did not target Putin or his residence during the incident, asserting that the drones were aimed at a military facility instead. This assessment was communicated to Trump on December 31.

Ukraine has refuted the allegations, with President Volodymyr Zelenskyy condemning them as fabrications meant to justify further attacks and hinder peace discussions. The country’s Center for Countering Disinformation pointed out the lack of evidence, such as air defense activity or drone crash footage.

Diplomatic Ramifications

The situation arose shortly after Trump met with Zelenskyy to discuss potential peace agreements. Trump’s initial anger towards Putin’s claims shifted to skepticism as he later shared opinions that criticized Russia’s role in the peace process.

EU Foreign Policy Chief Kaja Kallas labelled Russia’s assertions as distractions aimed at hindering diplomatic negotiations. Meanwhile, Russian Foreign Minister Sergey Lavrov implied that the incident might lead Moscow to reconsider its stance in ongoing discussions aimed at resolving the conflict.


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Australian beef industry warns of major export losses under new China tariff

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China slaps 55% tariff on Australian beef as trade and geopolitical tensions rise

China has imposed a 55% tariff on Australian beef imports that exceed quota limits, a move that threatens more than $1 billion in annual trade and has reignited tensions between Canberra and Beijing. The restrictions, effective from January 1 for three years, cap Australia’s beef quota at 205,000 tonnes—below the volume China imported in 2024—prompting industry claims the decision undermines the spirit of the China-Australia Free Trade Agreement.

Calm fears

Beef producers warn the impact could be severe, with exports to China potentially falling by as much as one-third compared to 2025 levels. Industry groups say the move advantages rival exporters, with Brazil and Argentina receiving far larger quotas, raising concerns Australia could permanently lose market share in a key global market. Prime Minister Anthony Albanese has sought to calm fears, saying Australia is not being singled out and describing the beef sector as the strongest it has ever been.

The tariff decision comes against the backdrop of growing geopolitical strain, days after Australia criticised China’s “Justice Mission 2025” military drills near Taiwan as destabilising. Opposition figures are urging the government to leverage diplomatic ties with President Xi Jinping to ensure Australia is not swept up in broader trade retaliation, as industry calls mount for urgent talks to stabilise relations.


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