Your move Shari and Sky Dance!
Private-equity firm Apollo Global Management and Sony Pictures have submitted an offer letter for Paramount Global -- latest from Jessica Toonkel & Miriam Gottfried wsj.com/business/deals…

Sony, Apollo Make $26 Billion All-Cash Offer for Paramount wsj.com/business/deals… via The Wall Street Journal w/Miriam Gottfried

🎧 Listen: In today's episode of The Journal podcast, Jessica Toonkel reports on how ousted Paramount CEO Bob Bakish's relationship with Shari Redstone has deteriorated amidst one of the messiest merger dramas in recent history on.wsj.com/4doftUE on.wsj.com/4doftUE

🇺🇸 Media Heiress's Bid To Sell Sparks Mayhem In Paramount

▫The storied Hollywood company behind ‘The Godfather’ faces its biggest battle yet as Shari Redstone’s merger plans collide with shareholder fury and a CEO on the outs
▫Jessica Toonkel

#frontpagestoday #USA The Wall Street Journal 🇺🇸

How Bob Bakish, the Anti-Mogul CEO, Struggled to Rescue Paramount w/ ⁦Amol Sharma⁩ ⁦Joe Flint⁩ wsj.com/business/media…

NEW: Jewish UCLA student blocked from entering his own school while he tries attending class.

Eli Tsives was refused entry by pro-Palestine students on campus according to his post on IG.

'They didn't let me get to class using the main entrance! Instead they forced me to…

Comcast’s NBCUniversal is prepared to pay an average of about $2.5 billion a year to air a package of NBA games, as rival Warner Bros. Discovery makes last-ditch efforts to keep those rights by Joe Flint Amol Sharma Isabella Simonetti wsj.com/business/media… via The Wall Street Journal

I first reported Friday that the Paramount board was considering removing CEO Bob Bakish and replacing him with a committee of divisional heads. The company just announced the changes.

Sources: Paramount is planning for what happens if no big deal happens, mulling cutting $2B in costs, selling BET and TV stations, starting a streaming JV, more (Jessica Toonkel / Wall Street Journal)

wsj.com/business/media…
mediagazer.com/240428/p6#a240…

But if a deal does NOT happen, Paramount is already starting to prepare -- the story lays out the plans division heads presented to the board recently.

The crazy thing is: despite all this chaos, a Skydance deal could still happen. A new offer from the company came in Sunday, Jessica Toonkel reports. And Redstone is bending on giving investors more of a say.

As Redstone pursued one merger (with the production company Skydance), CEO Bakish was exploring a joint venture with Comcast -- another source of tension between the two.

Among the many amazing details in this scoop-packed piece by Jessica Toonkel: Paramount CEO Bob Bakish floated buying out Shari Redstone and other voting shareholders and moving to a single class of stockholders.

My Latest: Missed deals, revolting shareholders and a CEO on the outs. How Shari Redstone's merger plans for Paramount devolved into one of the messiest corporate dramas in memory wsj.com/business/media… via The Wall Street Journal

'I do believe he'll still have a job on Monday, but I don't know how much longer he will be in his position,' says The Wall Street Journal's Jessica Toonkel who reported that Paramount is considering removing CEO Bob Bakish as turmoil over sale talks deepens. $PARA

EXCLUSIVE: Paramount Considers Removing CEO Bob Bakish as Turmoil Over Sale Talks Deepens wsj.com/business/media…

Huge week for Dana Mattioli, her book filled with juicy scoop after scoop on Amazon -- 'The Everything War' -- is now on sale! I have been so grateful to learn from one of the best in the business here at WSJ. 🥹🥹

bookshop.org/p/books/the-ev…

If you love smart documentaries about interesting characters. I highly recommend this Uncropped. Will bein at IFC this weekend uncroppedfilm.com/screenings