Warner Bros. Discovery Rebuffed 3 Offers From Paramount
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"We have antitrust laws to put a stop to this kind of concentration. It is time we all sound the alarm bells and enforce the laws," the senator says
The Ellison family’s Paramount Skydance has made three offers for Warner Bros. Discovery in the past month, at steadily rising prices, the New York Times reported on Thursday. All the offers were rejected.
Paramount Skydance will lay off about 2,000 U.S. employees under David Ellison's new management regime starting the week of Oct. 27.
EXCLUSIVE: In another big and bold move from the new Paramount regime following the Skydance merger, the studio is in final negotiations to board Ebenezer: A Christmas Carol, with Johnny Depp set to star and Ti West on board to direct.
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Paramount Skydance Stock Rises Over 1% Premarket After Report Says First Layoffs Post Merger Would Come In Late October
Shares of Paramount Skydance Corp. (PSKY) climbed over 1.30% in Monday’s early premarket session as traders reacted to reports that media giant may announce a round of layoff as early as this month. Media giant Paramount merged with David Ellison-led Skydance on Aug.
Paramount Skydance aims to battle Amazon and Google for digital ad dollars, but must first navigate a tricky issue among senior sales execs
Warner Bros. Discovery begins evaluating acquisition offers amid reported interest from Paramount and Skydance, as HBO Max raises prices and a major media split looms by 2026.