The U.S. Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media, clearing the way for an $8.4 billion sale of some of the most prominent names in entertainment...
Jeff Bezos wants to buy CNBC, says report
Amazon co-founder Jeff Bezos is reportedly mulling a possible acquisition of media outlet CNBC. According to an exclusive report by The New York Post quoting a person familiar with the developments, the billionaire has...
Canal+ gets conditional approval for MultiChoice takeover
South Africa’s Competition Tribunal has approved Canal+’s 35 billion rand ($2 billion) takeover offer for TV broadcaster MultiChoice, subject to agreed conditions, the companies said on Wednesday. The deal...
Blackstone drops out of consortium bid for TikTok US, source says
Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations, a source familiar with the matter told Reuters on Friday. The latest change came as uncertainty has mounted...
Meta acquires voice AI startup PlayAI as it continues to add talent
Meta Platforms Inc. has completed a deal to acquire PlayAI, a small artificial intelligence startup focused on voice technology. The “entire PlayAI team” is set to join Meta next week, according to an internal memo that...
Apollo-Backed Legendary Weighs Acquisition of Lionsgate Studios
Legendary Entertainment LLC, the independent film and TV studio behind the Dune trilogy and A Minecraft Movie, is considering a takeover of Lionsgate Studios Corp., according to people familiar with the matter...
Skydance in early talks to acquire The Free Press, NYT reports
Skydance Media CEO David Ellison has held preliminary talks to acquire The Free Press, an online news outlet, the New York Times reported on Friday, citing people familiar with the matter. The news comes as Skydance is...
Dr. Phil’s Media Company Files for Bankruptcy Amid Dispute
Merit Street Media, the startup founded by celebrity psychologist Phil McGraw, filed for bankruptcy Wednesday in Texas, according to a court filing. The company reported assets and liabilities in the range of $100...
RTL buys Sky Deutschland in deal to take on US streaming giants
European broadcaster RTL Group said on Friday it would buy Sky Deutschland, in a deal that combines Sky’s sports and streaming offerings with RTL’s news and entertainment brands to create a business with 11...
Liberty Media receives nod from EU regulators for MotoGP deal
Formula One owner Liberty Media received unconditional clearance from EU regulators for its roughly 4 billion euros ($4.60 billion) acquisition of Dorna Sports, which owns MotoGP, the European Commission said on Monday...
Meta to pay nearly $15 billion for Scale AI stake: Report
Meta Platforms has agreed to take a 49% stake in artificial intelligence startup Scale AI for $14.8 billion, The Information reported on Tuesday, citing two people familiar with the matter. Founded in 2016, Scale AI...
Disney to pay additional $438.7 million for NBCU’s stake in Hulu
Walt Disney said on Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its stake in the streaming service. The transaction gives Disney complete ownership of...
