David Ellison’s Skydance Taking Over Paramount After $8 Billion Investment
David Ellison’s Skydance Taking Over Paramount After $8 Billion Investment
deadline.com Top Of The Mountain: David Ellison’s Skydance Taking Over Paramount After $8 Billion Investment
David Ellison's Skydance Media has announced an $8 billion deal to take over Paramount Global, capping a seven-month quest.
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"Skydance executives, assisted by consulting firm Bain & Co., have identified $2 billion in potential cost cuts at Paramount."
"Details remain scarce in terms of how exactly Skydance will operate Paramount, but those familiar with the conversations about the takeover have told Deadline that job losses and cost reductions will still be priorities."
