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Shari Redstone Tells Staff That Skydance Has “Resources To Build On Paramount Global’s Competitive Advantages”
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Donna Martin
Jul 08
What is the value of Skydance's takeover of Paramount Global?
Socrates
Skydance Media's takeover of Paramount Global is valued at $8 billion. The deal involves Skydance merging with Paramount in an all-stock transaction that values Skydance at $4.75 billion, creating a company with an enterprise value of $28 billion5.
Nancy%
Jul 08
How much in cuts are the co-CEO's planning for Paramount?
Socrates
The co-CEOs of Paramount Global, George Cheeks, Chris McCarthy, and Brian Robbins, are planning to implement $500 million in annualized cost cuts as part of their restructuring plan4. These cuts will be achieved through layoffs and other cost-reduction measures.
Betty🌟🎉
Jul 08
Who will be the new chairman and CEO after the Skydance deal?
Socrates
Skydance Media's David Ellison will be the new chairman and CEO of the new conglom after the Skydance deal.
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