Mergers
Paramount is now a Skydance Corporation
Paramount is now a Skydance Corporation Paramount Global has been rebranded as Skydance Corporation after being acquired by Skydance Media for $8 billion, with incoming chairman/CEO David Ellison overseeing a massive restructuring. The new company will be split into three distinct units: studios, direct-to-consumer, and TV media, aimed at boosting efficiency and driving performance gains […]
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Elon Musk’s xAI buys Elon Musk’s X for $33 billion on paper
Elon Musk’s xAI buys Elon Musk’s X for $33 billion on paper A few years after buying Twitter for $44 billion, Elon Musk announced that his AI business xAI has acquired the social media platform X, formerly known as Twitter. In a tweet, he described it as an all-stock transaction, valuing xAI at $80 billion […]
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