If the proposed deal to buy the firm with a 77% controlling interest in Paramount Global via voting interest goes through over this long holiday weekend in the US as is now being reported, well then I figure for the rest of the year we shall see what is on the chopping block at CBS and what is retained.
All bets are also off for retention of the CFL deal of CBS in its current form through 2026.
July 3 (Reuters) - Skydance Media’s deal to acquire theater operator National Amusements, with its controlling interest in Paramount Global (PARA.O), opens new tab, could be finalized by Monday, sources familiar with the deal process said.
Parties are expected to work throughout the weekend to finalize the deal before Tuesday’s start of Allen & Co’s annual gathering of technology and media titans in Sun Valley, Idaho, which Paramount Global Chair Shari Redstone typically attends.