Tag: merger

Dish Network creditors have rejected a bond exchange offer required for Dish’s planned merger with DirecTV, creating uncertainty about the deal. The creditors objected to a $1.5 billion minimum loss on the bonds, calling for an additional $300 million reduction.…

Shari Redstone will exit the Paramount Global board in 2025 once Skydance Media and RedBird Capital acquire her company, National Amusements Inc., and merge with Paramount. The new entity, temporarily named "New Pluto Global, Inc.," will have an 11-member board…

The proposed merger between DirecTV and Dish Network faces a setback as Dish’s bondholders resist a $1.6 billion debt reduction, jeopardizing the deal’s viability. DirecTV, aiming to create a consolidated pay-TV leader, is prepared to abandon the merger if an…

Paramount Global’s "Office of the CEO," comprised of George Cheeks, Chris McCarthy, and Brian Robbins, received enhanced compensation and protections ahead of the company's merger with Skydance Media, set for 2025. The merger will create a $28 billion entity, with…

Sony Corp. and Zee Entertainment have settled all legal disputes related to their failed $10 billion merger in India. The deal collapsed due to leadership disagreements, leading to legal proceedings in multiple courts. Both companies have now withdrawn their respective…

India’s Competition Commission (CCI) has raised initial concerns about the proposed $8.5 billion merger between Reliance and Walt Disney’s media assets in the country, particularly over cricket broadcast rights. Cricket dominates India’s sports market, and the combined entity would have…

Warner Bros. Discovery executives have opted against splitting the company, choosing instead to sell smaller assets like Polish broadcaster TVN and a stake in its video game division to manage $39 billion in debt. The decision follows a 67% decline…

Paramount Global and Skydance Media have finalized a $28 billion merger, with David Ellison taking over as CEO. Ellison aims to transform Paramount into a tech-driven powerhouse by enhancing Paramount+'s technology and using AI for operations. The merger faces industry…

Discovery and AT&T’s 2022 merger of Warner Bros. for $43 billion faced a shareholder lawsuit over fairness. A $125 million settlement has now been reached. AT&T holds 71% ownership of Warner Bros. Discovery, with Discovery owning 29%, and Discovery's leadership…

Paramount and Skydance have announced a merger, with Skydance acquiring the Redstone family's majority control of Paramount for $1.75 billion. This deal, pending regulatory approval and a 45-day window for other bids, will give Skydance control over CBS, Paramount+, BET,…