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Articles for David Ellison, search results for deal

David Ellison, not Larry, to control family’s Paramount stake after deal
1 month, 3 weeks ago

David Ellison, not Larry, to control family’s Paramount stake after deal

LA Times  

Movie producer David Ellison will control his family’s stake in Paramount Global once his Skydance Media completes its merger with the larger movie and TV company. The Ellisons and their partner RedBird Capital Partners are buying out the Redstone family’s National Amusements Inc., which owns the majority of the voting stock in Paramount. Hollywood Inc. Paramount, Skydance deal draws shareholder …

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Could Paramount’s flirtation with Bronfman strain the Skydance deal?
4 months ago

Could Paramount’s flirtation with Bronfman strain the Skydance deal?

LA Times  

Just when the $8.4-billion deal for David Ellison’s Skydance Media to buy Paramount Global was gliding toward the finish line, Shari Redstone’s roller-coaster sale took another sharp turn. Seagram liquor company heir Edgar Bronfman Jr. this week persuaded Paramount’s independent board members to consider his rival bid for the Redstone family’s investment firm, National Amusements Inc., and a minority stake …

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Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power
5 months, 2 weeks ago

Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power

Hindustan Times  

NEW YORK — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. Skydance, based in Santa Monica, California, has helped produce some major Paramount hits in recent years, including Tom Cruise …

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Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power
5 months, 2 weeks ago

Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power

Associated Press  

NEW YORK — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. Skydance, based in Santa Monica, California, has helped produce some major Paramount hits in recent years, including Tom Cruise …

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Why Shari Redstone went cold on a Paramount sale to Skydance
6 months, 1 week ago

Why Shari Redstone went cold on a Paramount sale to Skydance

LA Times  

Shari Redstone pulled the plug on Paramount’s proposed sale to Skydance Media on Tuesday, deciding to hold on to her family’s treasures. For seven months, media mogul Shari Redstone agitated for Paramount Global’s leaders to embrace her plan to hand the storied media company to tech scion David Ellison. Hollywood Inc. Paramount Global sale collapses after Shari Redstone pulls support …

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Paramount Global sale collapses after Shari Redstone pulls support for David Ellison deal
6 months, 2 weeks ago

Paramount Global sale collapses after Shari Redstone pulls support for David Ellison deal

LA Times  

After months of high drama and boardroom tension, Paramount Global’s proposed sale to David Ellison’s Skydance Media collapsed Tuesday after failing to win approval from its onetime biggest supporter, controlling shareholder Shari Redstone. The Redstone family investment vehicle, National Amusements Inc., announced it had failed to reach “mutually acceptable terms” with Skydance for the clan’s controlling shares in the entertainment …

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Skydance’s David Ellison nearing deal for Paramount after sweetened offer
6 months, 3 weeks ago

Skydance’s David Ellison nearing deal for Paramount after sweetened offer

LA Times  

David Ellison’s Skydance Media is close to clearing a major hurdle in its pursuit of Paramount Global. The Skydance proposal would give the Redstone family more than $2 billion for National Amusements, including money to pay off its debts, and its voting shares in Paramount. Hollywood Inc. David Ellison’s Skydance explores possible merger with Paramount through National Amusements Skydance Media …

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David Ellison’s journey from trust fund kid to media mogul vying to buy Paramount
8 months ago

David Ellison’s journey from trust fund kid to media mogul vying to buy Paramount

LA Times  

David Ellison’s Skydance Media is a strong contender to acquire Paramount Global in a deal that would give the 41-year-old control of the storied movie studio behind “The Godfather” and “Chinatown.” When David Ellison, the mega-rich aerobatic pilot and Ferrari-driving son of multibillionaire Oracle co-founder Larry Ellison landed in Hollywood, he was viewed as yet another trust fund scion with …

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David Ellison’s Skydance explores possible merger with Paramount through National Amusements
11 months, 2 weeks ago

David Ellison’s Skydance explores possible merger with Paramount through National Amusements

LA Times  

Film producer David Ellison’s Skydance Media is exploring an all-cash deal to acquire National Amusements Inc., the company that controls Paramount Global, as part of a bid to merge the two entertainment businesses, according to people familiar with the matter who were not authorized to comment. Skydance would be willing to purchase a controlling stake in National Amusements from Shari …

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