David Ellison Nears Paramount Acquisition, Shaping Hollywood Power Dynamics
As negotiations advance, Skydance Media, led by David Ellison, is close to securing a significant stake in Paramount Global, potentially reshaping the entertainment industry.
- David Ellison's Skydance Media is in advanced talks to acquire a major stake in Paramount Global, with potential control over iconic content and a major streaming service.
- The deal, valued over $2 billion, could grant Skydance and its partners control of approximately 45% to just over 50% of Paramount, altering the company's future.
- Paramount's board faces upheaval as several directors step down amid negotiations, reflecting internal dissent and challenges.
- Analysts are divided on the deal's benefits, with some seeing long-term value and others concerned about shareholder dilution.
- Competing offers, including a $26 billion bid from Apollo Global Management, add complexity to the negotiations as Skydance aims to finalize the acquisition.
Benzinga 
New York Post 
Variety 
The Hollywood Reporter 
Deadline 
Fortune 
TheWrap 
Vanity Fair 
Investopedia 
Forbes 
Los Angeles Times 
