Apollo along with many of Private Equity Firms looking to buy Paramount owner National Amusments

[AbrahamJSimpson]

By that logic McDonalds should be going under next.

Mickey D’s doesn’t pretend to be anything more than it is.

 

[Kelly A]

Or that was just the crappy quality food.

That, and their 'endless shrimp' promotion cost them millions.

 

[TheBigA]

On Sunday, the boards of both companies approved the Skydance offer to buy National Amusements. Here is an interview with Skydance CEO David Ellison:

David Ellison's goal for Paramount: make it a 'media and technology' company

MSN

 

[Y2kTheNewOldies]

Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power

The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.

apnews.com

David Ellison is mentioned and they tie him with Larry Ellison of Oracle given his family connection to a Silicon Valley Tycoon.

The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.

It also signals the rise of a new power player, David Ellison, the founder of Skydance and son of billionaire Larry Ellison, the founder of the software company Oracle.

Shari Redstone’s National Amusements has owned more than three-quarters of Paramount’s Class A voting shares through the estate of her late father, Sumner Redstone. She had battled to maintain control of the company that owns CBS, which is behind blockbuster films such as “Top Gun” and “The Godfather.”

 

[Loverofradio]

What would it have looked like if CBS bought UFC?

Dana White reveals CBS nearly bought UFC before he torpedoed deal

Appearing on Fox News, UFC president Dana White revealed CBS nearly bought UFC before his feud with Showtime execs.

awfulannouncing.com