Paramount CEO David Ellison said his company has filed a suit against Warner Bros Discovery (WBD) seeking greater financial disclosure of the Netflix deal. Additionally, Ellison said his company plans to nominate its own slate of directors for WBD’s board who they believe would vote against the deal with Netflix. WBD’s board rejected Paramount’s latest […]
Warner Bros Discovery (WBD) has once again advised its shareholders to reject an “inadequate” $108.4 billion (€92.7) takeover bid by Paramount Skydance amid the ongoing duel with Netflix to take control of the media conglomerate. “The Board unanimously determined that the Paramount’s latest offer remains inferior to our merger agreement with Netflix across multiple key […]
Paramount and Warner Bros Discovery (WBD) certainly compete for the dubious honour of the ugliest kids in the family of media giants. Both badly need a suitor, and Paramount made it to the altar first. But, you know, marry in haste and all that. Skydance was the only serious caller and so became the partner/owner. […]
Global, the Media and Entertainment group, and The Overlap, the sports media group founded by Gary Neville, have announced a strategic partnership that will see Global become the majority stakeholder in The Overlap. The Overlap has become one of the world’s most popular football and sports destinations since launching in 2021, with more than 38 […]
Comcast has announced the completion of its previously announced separation of Versant Media Group into a separate public company, effective as of January 2nd. Versant will commence regular-way trading today [January 5th] on Nasdaq under the ticker symbol VSNT. Comcast shareholders received one share of Versant Class A common stock or Versant Class B common stock […]
Spain’s defence company Indra has wrapped its agreed purchase of 89.7 per cent of Madrid-based satellite operator Hispasat from Redeia for €725 million, the company confirmed in a filing to the Spanish stock market regulator. The Spanish government has already approved the deal. But almost coincidentally, the business lost a major satellite. Redeia is mainly […]
DigitalBridge Group, a global alternative asset manager dedicated to investing in digital infrastructure, and Crestview Partners, a private equity firm, have confirmed that affiliated investment funds have completed their previously announced take-private acquisition of WideOpenWest, Inc. (WOW!), a provider of fibre-broadband Internet services and advanced connectivity solutions in the United States. “We are excited to […]
BKB Bare Knuckle Boxing, the professional bare-knuckle boxing promotion, has announced the acquisition of Bad To The Bone (BTTB), the independent bare-knuckle promotion in the UK. As part of the agreement, BKB has completed a full reorganisation of its UK business, including the addition of new personnel under the direction of Joe Brown, who now […]
In July, Telia Company announced a recommended public offer to the shareholders of Swedeish ISP Bredband2 to tender all shares in Bredband2 to Telia. Telia has now received competition approval from the Swedish Competition Authority and has therefore received all necessary approvals from authorities for the offer, which means that this condition for completion of […]
David Ellison’s father, the Oracle founder Larry Ellison, has agreed to personally backstop the $40.4 billion (€34.3bn) in equity financing connected to the deal, and has agreed not to revoke the Ellison family trust or adversely transfer assets in the trust while any deal is pending. “Paramount has repeatedly demonstrated its commitment to acquiring WBD. […]