Paramount Global to Merge with Skydance Media: David Ellison Set to Become New Owner in $28 Billion Deal

Los Angeles, California United States of America
David Ellison, CEO of Skydance Media, will become the new owner of Paramount
Paramount Global and Skydance Media are merging in a $28 billion deal
Shari Redstone has controlled Paramount but is stepping down following the merger
Paramount Global to Merge with Skydance Media: David Ellison Set to Become New Owner in $28 Billion Deal

Paramount Global, the media company controlled by Shari Redstone, has agreed to merge with Skydance Media in a complex transaction valued at approximately $28 billion. The deal will see David Ellison, CEO of Skydance Media and son of Oracle founder Larry Ellison, become the new owner of Paramount. The merger follows months of negotiations and marks the end of an era for Redstone's control over Paramount.

Ellison dropped out of the University of Southern California to pursue acting but gave it up to focus on producing instead. His family's influence helped him bankroll big-budget films like



Confidence

80%

Doubts
  • Is Shari Redstone truly stepping down from control?
  • Is the reported value of $28 billion accurate?
  • What impact will this merger have on Paramount's operations?

Sources

99%

  • Unique Points
    • David Ellison is the CEO of Skydance and Paramount’s new owner.
    • He dropped out of the University of Southern California to try acting but gave it up and turned to producing instead.
    • His family’s influence helped him bankroll big-budget films like ‘Mission: Impossible – Ghost Protocol’ and ‘Star Trek Into Darkness.’
    • Skydance Media, the company he leads, has a valuation of over $4 billion after investments from private-equity firms.
    • He has co-produced hits like ‘Top Gun: Maverick’ and ‘G.I. Joe: Retaliation’ with Paramount.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

95%

  • Unique Points
    • Paramount Global has agreed to merge with Skydance Media in a complex transaction.
    • David Ellison's Skydance Media will invest $8 billion in a takeover of Paramount Global.
    • RedBird Capital is making a substantial financial investment in partnership with the Ellison family to ensure longevity of Paramount through technological evolution.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

100%

  • Unique Points
    • Paramount Global has agreed to merge with Skydance Media in a complex transaction.
    • The deal values the new company, temporarily dubbed
    • [David Ellison is the CEO of Skydance and Paramount’s new owner.]
    • [He dropped out of the University of Southern California to try acting but gave it up and turned to producing instead.]
    • [His family’s influence helped him bankroll big-budget films like ‘Mission: Impossible – Ghost Protocol’ and ‘Star Trek Into Darkness’.]
    • [Skydance Media, the company he leads, has a valuation of over $4 billion after investments from private-equity firms.]
    • [He has co-produced hits like ‘Top Gun: Maverick’ and ‘G.I. Joe: Retaliation’ with Paramount.]
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

100%

  • Unique Points
    • David Ellison's Skydance investing $8 billion in a takeover of Paramount Global.
    • Paramount Class A stockholders will receive $23 per share, and Class B stockholders will get $15 per share in cash/stock election.
    • RedBird Capital is making a substantial financial investment in partnership with the Ellison family to ensure longevity of Paramount through technological evolution.
    • Skydance has a history of co-financing with Paramount on many core franchises including Mission: Impossible, Transformers and Top Gun.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication