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#mergersandacquisitions

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PUPUWEB Blog<p>Niantic Labs to sell its video game division, including Pokémon Go, to Saudi Arabia-owned Scopely for $3.5B, pending regulatory approval. <a href="https://mastodon.social/tags/Niantic" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Niantic</span></a> <a href="https://mastodon.social/tags/Pok%C3%A9monGo" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PokémonGo</span></a> <a href="https://mastodon.social/tags/Scopely" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Scopely</span></a> <a href="https://mastodon.social/tags/GamingIndustry" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GamingIndustry</span></a> <a href="https://mastodon.social/tags/MergersAndAcquisitions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MergersAndAcquisitions</span></a> <a href="https://mastodon.social/tags/GameDev" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GameDev</span></a> <a href="https://mastodon.social/tags/TechNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TechNews</span></a> <a href="https://mastodon.social/tags/SaudiInvestment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SaudiInvestment</span></a> <a href="https://mastodon.social/tags/VideoGames" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>VideoGames</span></a></p>
Europe Says<p><a href="https://www.europesays.com/1877014/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/1877014/</span><span class="invisible"></span></a> Trump cuts financial lifeline for Venezuela’s government by ending permit to export oil to US <a href="https://pubeurope.com/tags/2024UnitedStatesPresidentialElection" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>2024UnitedStatesPresidentialElection</span></a> <a href="https://pubeurope.com/tags/BillTurenne" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>BillTurenne</span></a> <a href="https://pubeurope.com/tags/business" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>business</span></a> <a href="https://pubeurope.com/tags/ChevronCorp" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ChevronCorp</span></a>. <a href="https://pubeurope.com/tags/DelcyRodriguez" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DelcyRodriguez</span></a> <a href="https://pubeurope.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DonaldTrump</span></a> <a href="https://pubeurope.com/tags/EdmundoGonzlez" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EdmundoGonzlez</span></a> <a href="https://pubeurope.com/tags/Election2024" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Election2024</span></a> <a href="https://pubeurope.com/tags/elections" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>elections</span></a> <a href="https://pubeurope.com/tags/GeneralNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GeneralNews</span></a> <a href="https://pubeurope.com/tags/JoeBiden" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>JoeBiden</span></a> <a href="https://pubeurope.com/tags/jr" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>jr</span></a>. <a href="https://pubeurope.com/tags/Mar%C3%ADaCorinaMachado" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MaríaCorinaMachado</span></a> <a href="https://pubeurope.com/tags/MergersAndAcquisitions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MergersAndAcquisitions</span></a> <a href="https://pubeurope.com/tags/Nicol%C3%A1sMaduro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NicolásMaduro</span></a> <a href="https://pubeurope.com/tags/Politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Politics</span></a> <a href="https://pubeurope.com/tags/SanctionsAndEmbargoes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SanctionsAndEmbargoes</span></a> <a href="https://pubeurope.com/tags/trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trump</span></a> <a href="https://pubeurope.com/tags/TrumpMedia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpMedia</span></a>&amp;TechnologyGroup <a href="https://pubeurope.com/tags/UnitedStates" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UnitedStates</span></a> <a href="https://pubeurope.com/tags/UnitedStatesGovernment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UnitedStatesGovernment</span></a> <a href="https://pubeurope.com/tags/Venezuela" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Venezuela</span></a> <a href="https://pubeurope.com/tags/VenezuelaGovernment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>VenezuelaGovernment</span></a> <a href="https://pubeurope.com/tags/WorldNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WorldNews</span></a></p>
Deadline<p>DAZN Buying Australia’s Foxtel From News Corp &amp; Telstra For $2.1B<br><a href="https://mastodon.social/tags/News" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>News</span></a> <a href="https://mastodon.social/tags/Australia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Australia</span></a> <a href="https://mastodon.social/tags/DAZN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DAZN</span></a> <a href="https://mastodon.social/tags/Foxtel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Foxtel</span></a> <a href="https://mastodon.social/tags/Mergersandacquisitions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Mergersandacquisitions</span></a> <a href="https://mastodon.social/tags/NewsCorp" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NewsCorp</span></a></p><p><a href="https://deadline.com/2024/12/dazn-buying-foxtel-from-news-corp-telstra-australia-1236240625/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">deadline.com/2024/12/dazn-buyi</span><span class="invisible">ng-foxtel-from-news-corp-telstra-australia-1236240625/</span></a></p>
AlsoPaisleyCat<p>Well, this observation on Sheri Redstone’s current situation rather says it all:</p><p>“The window has been extended, signaling that bid is being taken seriously as Redstone evaluates whether to go with an offer led by the heir to the Seagram family liquor fortune, Bronfman, or the heir to the Oracle software family fortune, David Ellison.”</p><p>In other words, a woman who inherited a multibillion dollar family legacy from a misogynistic father who trusted her so little that he carved it up rather than let her have control, is now obliged to chose which male heir to other family fortunes gets to buy it from her.</p><p><a href="https://www.hollywoodreporter.com/business/business-news/paramount-sales-process-1235979763/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">hollywoodreporter.com/business</span><span class="invisible">/business-news/paramount-sales-process-1235979763/</span></a></p><p><a href="https://tenforward.social/tags/Paramount" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Paramount</span></a> <a href="https://tenforward.social/tags/MergersAndAcquisitions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MergersAndAcquisitions</span></a> <a href="https://tenforward.social/tags/Patriarchy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Patriarchy</span></a> <a href="https://tenforward.social/tags/Misogyny" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Misogyny</span></a> <a href="https://tenforward.social/tags/Entertainment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Entertainment</span></a> <a href="https://tenforward.social/tags/StarTrek" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StarTrek</span></a> <a href="https://tenforward.social/tags/Oracle" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Oracle</span></a> <a href="https://tenforward.social/tags/Seagram" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Seagram</span></a></p>
AlsoPaisleyCat<p><span class="h-card" translate="no"><a href="https://universeodon.com/@ogtrekker" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>ogtrekker</span></a></span> </p><p>Sony-Apollo seem to want to be able to exploit longstanding IP without investing in it. This proposal is a value killer for audiences and for Paramount Global shareholders.</p><p>Whether Sponge Bob, Star Trek, Mission Impossible, Yellowstone or others in the Paramount catalogue, all of these valuable IPs originated in television not cinematic features.</p><p>In Merger &amp; Acquisition terms, Sony-Apollo is clearly trying to buy IPs and treat them as cash cows to fund their primary business of selling film and streaming production. </p><p>My read is that they want exploit the IPs to pay for the Paramount studios and other production facilities/capacity to finance growth in Sony’s core entertainment business. </p><p>This will mean that IPs like Sponge Bob and Star Trek will be milked in the short term, but like many consumer product brands taken over this way, they are likely to lose relevance and vanish due to lack of fresh development and investment. </p><p>Sony-Apollo are as much as saying that developing and marketing successful television series isn’t in their wheelhouse so they just want to buy and run down established brands.</p><p>This makes sense for them but not for Paramount Global shareholders - whether the Redstones or the non-voting class B shareholders. </p><p><a href="https://tenforward.social/tags/ParamountGlobal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ParamountGlobal</span></a> <a href="https://tenforward.social/tags/Sony" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Sony</span></a> <a href="https://tenforward.social/tags/MergersAndAcquisitions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MergersAndAcquisitions</span></a> <a href="https://tenforward.social/tags/StarTrek" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StarTrek</span></a> <a href="https://tenforward.social/tags/SoongeBob" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SoongeBob</span></a> <a href="https://tenforward.social/tags/Streaming" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Streaming</span></a> <a href="https://tenforward.social/tags/Television" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Television</span></a> <a href="https://tenforward.social/tags/Entertainment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Entertainment</span></a></p>
AlsoPaisleyCat<p>The Paramount Global merger &amp; acquisition melodrama is continuing (as it usually does when a family-controlled conglomerate is the target.)</p><p>👀 </p><p>Deadline has a new report now that the original timeline on the Skydance/Redbird offer expired at midnight. </p><p>“Deadline hears that the committee may be lookin at a so-called “go shop” provision, which allows a public company to explore competing offers even it’s already has a firm purchase offer in hand. The duration of a go-shop period is usually one to two months. “</p><p>Enjoy.</p><p><a href="https://tenforward.social/tags/ParamountGlobal" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ParamountGlobal</span></a> <a href="https://tenforward.social/tags/StarTrek" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>StarTrek</span></a> <a href="https://tenforward.social/tags/MergersAndAcquisitions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MergersAndAcquisitions</span></a> <a href="https://tenforward.social/tags/Entertainment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Entertainment</span></a> <a href="https://tenforward.social/tags/Television" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Television</span></a> <a href="https://tenforward.social/tags/Movies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Movies</span></a> <span class="h-card" translate="no"><a href="https://botsin.space/@StarTrekChat" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>StarTrekChat</span></a></span> </p><p><a href="https://deadline.com/2024/05/skydance-paramount-negotiating-window-ending-soon-amid-sony-apollo-bid-1235903788/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">deadline.com/2024/05/skydance-</span><span class="invisible">paramount-negotiating-window-ending-soon-amid-sony-apollo-bid-1235903788/</span></a></p>
Flipboard Culture Desk<p>Warner Bros. Discovery and Paramount Global are in the early stages of merger talks. <span class="h-card" translate="no"><a href="https://flipboard.com/@IndieWire" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>IndieWire</span></a></span> breaks down why Paramount needs a life raft, the main contenders to provide one, and why some people aren't feeling positive about the Warner Bros. move (two words: David Zaslav).</p><p><a href="https://flip.it/RG_-TA" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="">flip.it/RG_-TA</span><span class="invisible"></span></a></p><p><a href="https://flipboard.social/tags/Hollywood" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Hollywood</span></a> <a href="https://flipboard.social/tags/MovieIndustry" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MovieIndustry</span></a> <a href="https://flipboard.social/tags/MergersandAcquisitions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MergersandAcquisitions</span></a> <a href="https://flipboard.social/tags/DavidZaslav" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DavidZaslav</span></a></p>
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