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Paramount Global is set to award $1 million retention bonuses to Doretha F. Lea and Nancy Phillips, its heads of government relations and human resources, respectively. These bonuses are tied to the upcoming merger with Skydance Media and aim to ensure smooth operations before the deal's completion, as outlined in a regulatory filing.
National Amusements, controlled by Shari Redstone and her family, has repaid a $186 million term loan using funds from the Ellison family, led by David Ellison, as part of their merger with Skydance Media. The loan was due in May and was refinanced with assistance from Ellison"s father, a billionaire.
Paramount Global abandoned merger talks with Warner Bros. Discovery after months of discussions yielded no concrete offer, according to a regulatory filing. The company, which owns CBS and MTV, subsequently agreed to merge with Skydance Media, having explored options with at least 12 other potential partners.
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Paramount Global
CBS 1 LLC
MTV BAY Area Properties LLC
Skydance Media
Warner Bros. Discovery, Inc.
USA
David Ellison
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23:29 05.11.2024
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