CHATTER AWAY: Overnight Open Thread

Variety reports:

Here comes a plot twist: As Skydance Media and RedBird Capital Partners work to close the Larry Ellison-backed takeover of Paramount Global this spring, a consortium of investors who previously bid on the storied media conglomerate is mounting an eleventh-hour $13.5 billion offer.

Variety has obtained a legal letter that is being sent to Paramount’s board Friday, Jan. 24, from Project Rise Partners that outlines a new bid that is higher than an all-cash offer the consortium made during the go-shop window. The group says its terms are vastly superior to the $8 billion deal from Skydance and RedBird.

Read the full article. Paramount Global is the parent of Paramount Pictures, CBS, MTV, Nickelodeon, Paramount +, Fubo TV, Pluto TV, Showtime, Logo, a shitload of other cable channels, dozens of local broadcast stations, plus a number of landmark physical properties. And MAGA billionaire Larry Ellison could own it all.

EXCLUSIVE: A consortium of investors who previously bid on Paramount is mounting an eleventh-hour $13.5 billion offer. https://t.co/7OoAbdjG0l

— Variety (@Variety) January 24, 2025