Paramount Global

Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY.

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Apollo Global Management

Sony

Apollo, which teamed with Sony to make a $26 billion all-cash bid for the Shari Redstone-controlled media conglomerate, faces an uphill fight to circumvent the FCC's 39% cap on the reach by local affiliates should the merger be approved by Paramount's board, sourced said.

Apollo-Sony bid for Paramount could face antitrust hurdles from feds: sources

Famed investor Warren Buffett's Berkshire Hathaway placed a $2.7 billion bet on Paramount in 2022. It hasn't worked, at all — Buffett just said he has sold all his stock and lost "quite a bit of money.

Why Warren Buffett's Paramount bet may have cost him $1.5 billion

Disney

Netflix

Video streaming services saw a drop in downloads and active users during April, a research note by Bank of America showed on Monday, citing data from Sensor Tower, likely pressured by heated competition in the segment and an uncertain economic outlook.

Video streaming services see downloads, active users drop in April, BofA report shows

Paramount Global (NASDAQ:PARA) shares moved higher following reports a Sony and private equity firm Apollo Global have made a $26 billion cash offer to acquire the entertainment company. This comes as Paramount's exclusive merger talks with producer David Ellison's Skydance Media to takeover the company expired on Friday.

Paramount Global stock jumps on reports of $26B Sony-Apollo takeover offer

Paramount Global (NASDAQ: PARA ) stock is in the news Monday after Warren Buffett revealed that he sold Berkshire Hathaway's (NYSE:BRK-A, NYSE:BRK-B) entire stake in the entertainment business. Buffett made the announcement during the annual shareholder meeting for Berkshire Hathaway.

Warren Buffett Just Gave Up on Paramount (PARA) Stock

The exclusive negotiating window for a deal between Paramount and Skydance ended over the weekend. Sony and Apollo could team up for a better offer, but that deal would face antitrust concerns.

Why Can't Paramount Stock Have a Hollywood Ending?

Another big Hollywood name is rooting for a Paramount-Skydance deal as Jeffrey Katzenberg says that outcome would be “a great win for Paramount and for people in the industry.” Speaking a the Axios BFD Talks: LA this evening, the DreamWorks co-founder and former Walt Disney Studios head acknowledged that the situation is complicated.

Jeffrey Katzenberg On Paramount Drama – “Don't Count David Ellison Out”

Paramount Global has agreed to formally begin negotiations with a buyout group led by Sony Pictures Entertainment and Apollo Global Management, the New York Times reported Sunday, after a 30-day exclusive negotiating window with Skydance expired Friday.

Paramount reportedly approves buyout talks with Sony, Apollo

Paramount Global has opened acquisition negotiations with Sony and Apollo, The New York Times reported Sunday, after exclusive merger talks with Skydance lapsed Friday and the company continues to struggle following major first quarter losses and the departure of CEO Bob Bakish last week.

Paramount Officially Opens Talks With Sony And Apollo In Takeover Bid, Report Says

A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting word on next steps.

Paramount bidders await word from special committee evaluating options

Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss. Speaking at the annual meeting of Berkshire Hathaway, his company, today in Omaha, NE, the billionaire investor took full ownership of the bad call.

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Warren Buffett said on Saturday Berkshire Hathaway sold its entire holding in Paramount at a loss, a decision he said was his sole responsibility.

Warren Buffett says Berkshire sold entire Paramount holdings at a loss

Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'

Paramount Global has named Chris McCarthy as interim principal executive officer of its new three-executive leadership team, a move that it made “for purposes of the rules and regulations” of the U.S. Securities and Exchange Commission, according to a filing on Friday.

Paramount's new ‘Office of the CEO' now has a leader — while its ex-CEO will still collect a hefty paycheck

Paramount Global says Chris McMarthy is the company's “interim principal executive officer,” a necessity required by the SEC that apparently does not signal he has more decision-making power among a trio of top executives who stepped up to replace Bob Bakish this week in a new Office of the CEO.

Paramount Unveils Bob Bakish Exit Terms, Names Chris McCarthy ‘Interim Principal Executive' For SEC Purposes

Paramount Global Friday will end its exclusive negotiations with Skydance Media without reaching a deal, the New York Times reported on Friday, citing people familiar with the matter.

Paramount will let exclusive talks with Skydance lapse, NYT reports

Starbucks

Tesla

Here are some of the major companies whose stocks moved on the week's news.

The Score: Tesla, Starbucks, Paramount and More Stocks That Defined the Week

The clock is ticking down to midnight, the end of a month-long exclusive negotiating window between Paramount Global and Skydance Media. The David Ellison company has been circling Paramount for months and lobbed several offers to buy out Shari Redstone's controlling stake, backed by Oracle co-founder Larry Ellison and Gerry Cardinale's RedBird Capital.

Skydance & Paramount Exclusive Negotiating Window Ends In Hours – Will David Ellison Walk?

Paramount Global will likely not extend its 30-day exclusivity talks with Skydance Media to strike a deal as Sony Pictures Entertainment and private equity firm Apollo Global Management await a response to their $26 billion bid to buy the entertainment giant, according to a person familiar with the matter.

Paramount won't extend exclusive deal period with Skydance amid Sony bid: sources

Skydance is likely to walk away from its Paramount offer unless controlling shareholder Shari Redstone reaffirms her commitment following the Apollo-Sony bid.

Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks

Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for Paramount Global , the Wall Street Journal reported.

Sony and Apollo submit $26 bln Paramount offer, WSJ reports

Sony Group Corp (NYSE:SONY) and private equity firm Apollo are preparing a $26 billion cash bid for Paramount Global (NASDAQ:PARA), challenging Skydance Media's offer as their exclusive negotiation period nears expiration. Sony would lead the investment with majority control, while Apollo would hold a minority stake, without the need to refinance Paramount's existing $16 billion debt.

Sony and Apollo set to launch $26bn Paramount counterbid

Sony would be the majority shareholder and Apollo would have a minority stake, a source told the AP.

Paramount Global receives $26B offer from Sony, Apollo amid Skydance talks

Shares in media giant, whose chief executive Bob Bakish was this week ousted amid reports of clash with Shari Redstone, spike 12%

Sony and Apollo reportedly make $26bn offer for Paramount

Sony and Apollo expressed formal interest in a Paramount Global buyout as Paramount's special committee is prepared to give its recommendation to Skydance.

News for Paramount Global Stock (PARAA)