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(Reuters) – Nationwide Amusements has reached a preliminary deal to promote its controlling curiosity in Paramount International to Skydance, three sources aware of the matter instructed Reuters.
Shari Redstone’s Nationwide Amusements re-engaged with the David Ellison-led manufacturing studio after abruptly ending deal talks final month, whereas fielding takeover curiosity from different events.
Listed below are the important thing occasions main as much as the preliminary deal:
12 months Occasions
December CBS Corp (NYSE:) and Viacom merge to kind ViacomCBS (NASDAQ:),
2019 combining media mogul Sumner Redstone’s media
items 13 years after a cut up. ViacomCBS can be
later renamed as Paramount International
ViacomCBS acquires a 49% stake in movie studio
Miramax from BeIN Media Group for $375 million
September ViacomCBS rebrands a CBS streaming service as
2020 Paramount+ and launches it in worldwide
markets
Sells CNET Media Group to Pink
Ventures for $500 million
November ViacomCBS agrees to promote CBS Studio Middle for
2021 $1.85 billion to non-public corporations
February ViacomCBS modifications its identify to Paramount International
2022
December Chief executives of Warner Bros Discovery (NASDAQ:) and
2023 Paramount reportedly in talks over a possible
deal between the 2 corporations
January Skydance CEO David Ellison reportedly explores an
2024 all-cash bid to amass Paramount dad or mum Nationwide
Amusements
January Media entrepreneur Byron Allen submits a $30
2024 billion supply for Paramount, together with debt and
fairness
March 2024 India’s Reliance Industries agrees to purchase
Paramount’s complete 13.01% stake in native
leisure community Viacom18 Media for about
$517 million
March 2024 Apollo International Administration (NYSE:) reportedly presents to purchase
Paramount Photos movie studio for $11 billion
April 2024 Paramount’s board reportedly agrees to enter into
unique merger talks with Skydance
April 2024 Paramount replaces CEO Bob Bakish with an workplace
of CEO comprising CBS President and CEO George
Cheeks, Paramount Photos studio chief Brian
Robbins, and Chris McCarthy, head of Showtime,
MTV and different networks
June 2024 Edgar Bronfman Jr, former chairman of Warner
Music, reportedly expresses curiosity in shopping for
Paramount’s controlling shareholder Nationwide
Amusements
June 2024 Shari Redstone abruptly ends talks with Skydance
July 2024 Barry Diller’s digital media conglomerate IAC
reportedly explores bid for Paramount and enters
into non-disclosure agreements with Nationwide
Amusements
July 2024 Nationwide Amusements reportedly reaches a
preliminary deal to promote its controlling curiosity
in Paramount to Skydance
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