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...According to his LinkedIn profile, he previously worked in government affairs for Cheniere Energy and as a senior adviser to the chief of executive of Tellurian Inc, two companies which pioneered the development...
...the first standalone Peppa Pig theme park launched last year and rollercoasters such as the World of Jumanji at the UK’s Chessington theme park....
...Paramount would then acquire Skydance for $5bn in a stock deal....
...In today’s newsletter: Shari Redstone preps Paramount-Skydance merger Exor wins big on litigation in the US Private equity’s boycott challenge in Asia Shari Redstone prepares a new Paramount-Skydance...
...Skydance and Apollo declined to comment, and Paramount did not immediately respond to a request for comment. *This story has been amended to clarify that Skydance and Paramount are engaged in talks....
...Sony and private equity group Apollo have told Paramount Global they intend to make a $26bn cash offer for the entertainment company....
...“If he gets . . . to run Paramount creatively, it could be a huge boon for this business in these ailing times.”...
...Paramount and Apollo did not immediately reply to a request for comment....
...While both struggle under heavy debt loads, Paramount is the more desperate. It has interesting assets, such as the Paramount film studio and sports rights on its CBS network....
...The deal being discussed is unusual, with Skydance planning to take control of Paramount by first acquiring NAI and then merging Paramount with Skydance....
...Those of Paramount fell 2.9 per cent to $15.04....
...The wager on Paramount in 2022 has been closely watched by the media industry, and was seen as an endorsement of the company’s investment in its Paramount+ streaming platform, as well as its ability to compete...
...Paramount’s shares have risen almost 40 per cent since early November as sale speculation mounted....
...The valuation multiple now ascribed to ESPN may be too low for Disney’s business, which includes theme parks and the movie studio....
...Paramount is expected to net the more than $650mn in TV ad revenues, according to Dentsu....
...Work is under way to develop a range of alternative uses to support car park income. The discount to net asset value is by no means unusual across the sector....
...Whatever your preference for banks versus securities markets, accountability for bad actors and those making poor choices must remain paramount. sujeet.indap@ft.com...
...Clip from Paramount Movies Plus, a note on next week’s show: Look for Behind the Money in your feed a day early, on Tuesday, March 19. We’re doing a special 2-part episode with the Unhedged podcast....
Tech giant pulls plug on ‘Project Titan’ to fund a multibillion-dollar bet on generative artificial intelligence
...Earlier this year, Khan came under fire after the US developer behind a Las Vegas-style Sphere in London’s former Olympic Park withdrew its plans following the mayor’s decision to block the music venue....
...WBD was linked with talks over a deal to merge with Paramount earlier this year. “Medium to long term, there are three or four big global streaming players....
...The model that some of ByteDance’s US investors are evaluating is similar to Shari Redstone’s National Amusements, which controls Paramount despite having a stake in the Hollywood media company of only about...
...An advertiser exodus from Elon Musk’s X gathered pace on Friday, with Apple, Walt Disney, Comcast, Paramount and Warner Bros all pausing spending on the social media platform amid concerns about antisemitic...
...They also may have been behind the disastrous investment in Paramount Global, the entertainment company that owns MTV and CBS....
...Paramount and KKR declined to comment....
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