The preliminary merger deal between National Amusements, Paramount Global, and Skydance Media appeared to have been reignited after abandoning it due to shareholder dispute.
Deals
Paramount Global Approves Merger with Skydance Media, Transforming Entertainment Industry
Paramount Global's directors have approved a merger plan with Skydance Media, set to be finalized on Sunday and announced on Monday, July 8.
Carlos Slim Invests $1.2 Billion to Establish Gulf of Mexico Gas Field
Mexican billionaire Carlos Slim’s company, Grupo Carso SAB, announced that it was investing $1.2 billion to develop a vast gas field in the Gulf of Mexico.
Saks Fifth Avenue's Parent Company HBC to Acquire Neiman Marcus for $2.65 Billion
HBC, the parent company of Saks Fifth Avenue, has announced a $2.65 billion acquisition deal with Neiman Marcus Group.
Lufthansa Receives EU Approval to Acquire ITA Airways for $350 Million
Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million. Lufthansa has received antitrust clearance from the European Union (EU) to acquire 41% of ITA Airways for 325 million euros (about $350 million) following the sale of certain routes and slots, the company announced Wednesday, July 3.
Latest News
The Federal Trade Commission has voted to prevent mattress maker Tempur Sealy from acquiring retail chain Mattress Firm, citing concerns that the merger would stifle competition.
Apple has secured an observer role on OpenAI’s board as part of a significant agreement, with Phil Schiller, the head of Apple’s App Store, appointed to the position.
Paramount Global is in private discussions with other entertainment companies to explore merging its Paramount+ streaming service with an existing platform.
Boeing reportedly agreed to purchase Spirit AeroSystems for $4 billion after months of talks. The damaged Spirit AeroSystems sign is seen damaged after an EF3 tornado touched ground on April 15, 2012 in Wichita, Kansas.
Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy, disclosing $970 million in debt.
The European Union's antitrust regulators are set to scrutinize Microsoft’s $13 billion investment in OpenAI, focusing on the exclusive use of Microsoft's cloud technology and its potential impact on competition.
Time magazine has signed a multi-year content deal with OpenAI, granting ChatGPT access to its news archives, with financial terms undisclosed.
The Australian government announced that it has approved the request of ANZ to acquire the banking business of Suncorp for $3.26 billion.
Boeing is reportedly offering $35 per share to purchase Spirit AeroSystems, funded mostly with stock.
