With billionaire Edgar Bronfman Jr. taking a step back from the battle to gain control of Paramount, it's looking more likely that Skydance Media will, after a long period of speculation, be the winner of the race to buy the company. For now, PARA is operated by National Amusements (NAI), the holding company run by…
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According to the terms of Paramount’s merger deal with Skydance Media, it has 45 days to consider other acquisition and merger deals. Based on Reuters data, Apex, a holding company and investor, indicated that it had made a bid for all the shares held by National Amusements, which has the majority stake in Paramount. This…
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Boeing faces a £190.1m fine and has been ordered to invest a minimum of £355m across the next three years to improve its compliance and safety programmes. These terms were not the only choice on offer for the company. Federal prosecutors offered Boeing a guilty plea or a trial on the felony criminal charge of…
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This news came as Paramount (PARA) CFO Naveen Chopra spoke at the Morgan Stanley Technology, Media & Telecom Conference. The company believes that it will be profitable by 2025 without having to increase the cost of its packages in 2024. However, Chopra said that “going forward, we do anticipate future price increases”. He also said…
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