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...Ellison’s Skydance, which is backed by private equity investor RedBird Capital, KKR and Tencent, has been in talks with Redstone for several months to acquire a majority stake in National Amusements (NAI...
...This sweetened offer comes after Redstone faced growing criticism for trying to cash out her stake in Paramount through the family holding company National Amusements, while leaving public stockholders to...
...David Ellison, who runs Skydance, has 30 days to reach a deal with the company controlled by Shari Redstone’s National Amusements (NAI), her family’s privately owned cinema group that holds 77 per cent of...
...Paramount is controlled by National Amusements, a family business that started out as a chain of New England cinemas in the 1930s....
...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...
...“Congress and the executive branch have concluded, based on both publicly available and classified information, that TikTok poses a grave risk to national security and the American people....
...Ellison would first pay $2bn for National Amusements, which owns the majority of voting shares that are controlled by Redstone. Then, he would acquire Skydance for $5bn in a stock deal....
...Skydance, a production company founded and run by David Ellison, is in negotiations with media mogul Shari Redstone to acquire National Amusements (NAI), a privately held cinema company that controls 77...
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...In raising concerns over the deal Biden did not refer to national security, speaking only of the need to maintain “strong American steel companies powered by American steel workers”....
...Late last year, American businesswoman Michele Kang acquired London City Lionesses, currently in the Championship....
...US officials worry that ByteDance would be unable to refuse a request from Beijing to hand over Americans’ user data because of a Chinese national security law that requires companies to provide information...
...As for TikTok’s value as a boon to consumers and businesses, there are many companies that could quickly replace it....
...US officials stress that Chinese national security laws would require its owner to hand over data if requested by Beijing....
...The move followed briefings from national security officials who warned that China could gain access to Americans’ personal data held on the app....
...The US House of Representatives on Saturday passed a package of national security bills that included legislation that would result in TikTok being banned in the country if Chinese parent company ByteDance...
...The filings also showed a series of dividends between Berkshire’s subsidiaries and National Indemnity, as well as the parent company itself....
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