Bronfman also would contribute $1.5 billion to Paramount's balance sheet, which could be used to pay down debt, the person said. The bid adds $400 million to cover a breakup fee to end a rival deal.

Stephen Colbert took a moment to praise Skydance as the company comes closer to acquiring CBS parent company, Paramount.

The father of incoming Paramount CEO David Ellison will play a major part in the company’s new ownership structure. The ...

Software billionaire Larry Ellison will take control of Paramount Global – the owner of Network Ten in Australia – following ...

David Ellison is poised to become Paramount Global's new CEO, but his father, Larry Ellison, will be controlling owner of the ...

The Biden administration has launched a probe into the loyalty programmes run by the four largest US airlines aimed at making ...

Larry Ellison will be the majority shareholder of National Amusements Inc., which controls Paramount Global, once the Skydance deal closes.

Billionaire entertainment executive Edgar Bronfman Jr. has bowed out of his long-shot bid to gain control of Paramount Global, clearing the way for David Ellison’s Skydance Media to claim the prize.

Paramount agreed last month to a merger deal with Skydance that will inject desperately ... a special committee of Paramount's board had reached out to more than 50 third parties to determine ...

Producer David Ellison’s Skydance Media is set to become the new owner of Paramount Global after Seagram ... studio said it expects to complete the deal with Skydance in the first half of ...

In a statement obtained by IndieWire, Bronfman congratulated the Skydance team and said that he notified Paramount’s board of his decision ... felt Bronfman’s deal was viable enough ...