The company, whose pricey acquisitions kicked off a rush on catalog sales, sold its assets to Blackstone for $1.6 billion, and its outspoken leader will step down.
Category: Mergers, Acquisitions and Divestitures
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Meet David Ellison, the CEO of Skydance and Paramount’s New Owner
He left college to try out acting. Now, he’s set to become one of the most powerful people in Hollywood.
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Skydance Reaches Deal to Merge With Paramount
The tentative deal, said to be approved by Paramount’s special committee, sets the stage for a new chapter for the company, which owns CBS and the movie studio behind “Top Gun.”
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Saks Owner Is Said to Acquire Neiman Marcus in High-End Retail Deal
HBC, the parent of Saks Fifth Avenue, would acquire Neiman Marcus for $2.65 billion.
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Paramount and Skydance Are Said to Resume Merger Talks
Just weeks after the two media companies scuttled their talks about a potential deal, they have resumed their conversations.
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Boeing Agrees to Buy Spirit AeroSystems, a Longtime Supplier
The multibillion-dollar deal will reverse a decision the plane maker made two decades ago to outsource production of key parts to independent suppliers.
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Volkswagen Will Invest Up to $5 Billion in EV Maker Rivian
VW and Rivian, a maker of electric trucks that has struggled to increase sales and break even, will work together on software and other technologies.
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Boeing Is Said to Offer Stock to Buy Spirit, Preserving Cash Amid Struggles
The plane maker is expected to soon strike a deal to acquire most of the operations of Spirit AeroSystems, a troubled supplier that makes the bodies of the 737 Max.
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How Pet Care Became a Big Business
People have grown more attached to their pets — and more willing to spend money on them — turning animal medicine into a high-tech industry worth billions.
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American Express Buys Tock to Pursue Customers Shelling Out on Dining
The credit card company acquired Tock, a restaurant reservation company, after buying its rival, Resy, in 2019.
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Sony Pictures Acquires Alamo Drafthouse in Lifeline to Cinema Chain
The deal is the first time in half a century that a traditional Hollywood studio will own a movie theater chain.