U.S. television station owner Sinclair has made an offer to merge its broadcast TV business with smaller rival Tegna, which is in advanced talks on a potential sale to Nexstar Media Group, a person familiar with the...
TV broadcaster Nexstar in advanced talks to acquire rival Tegna, source says
Television broadcaster Nexstar Media Group is in advanced talks to acquire rival Tegna, a person familiar with the matter told Reuters on Friday. Shares of Tegna surged 30% in extended trading following the report...
Paramount closes $8 billion merger with Skydance after settling ’60 Minutes’ lawsuit
Paramount Global and Skydance Media completed their $8.4 billion merger on Thursday, capping a drawn-out deal process marked by political scrutiny and shareholder concerns. Renamed “Paramount Skydance Corp”...
Disney’s ESPN to acquire NFL media assets in major deal
Walt Disney’s ESPN has reached a landmark deal with the National Football League to acquire NFL Network and other media assets from the league in exchange for the NFL taking a 10% equity stake in the sports...
Paramount Global says Skydance merger should close in two weeks
Paramount Global said on Friday it expects to complete its merger with Skydance Media by August 7, following government approval for the $8.4 billion deal. After the deal closes, the company will be renamed Paramount...
US FCC clears way for $8 billion Paramount-Skydance merger
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Private equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s U.S. operations, a source familiar with the matter told Reuters on Friday.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...
