News
Paramount, Skydance enter exclusive merger talks
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.
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Paramount enters exclusive merger talks with Skydance, sidelining Apollo’s $26 billion offer.
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Skydance’s potential acquisition of Paramount could mark the end of Shari Redstone’s control over the media empire.
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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.
News
SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.
Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.
Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.
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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech
News
Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.
Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.
As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.
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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates
News
Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.
The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.
Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.
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