Paramount Names Leadership for Post-Merger Skydance Amid Major Corporate Deals
Paramount Global has named its leadership team for the combined entity following its $81 billion merger with Warner Bros. Discovery. David Ellison, CEO of Paramount, will serve as chairman and CEO of the newly formed company, Skydance, alongside co-CEO Ynon Kreiz.
Schneider Electric has announced plans to acquire software maker PTC for $22.6 billion. The acquisition aims to create one of the largest industrial-software portfolios, aligning with the growing influence of artificial intelligence on customer needs.
Mattel, the maker of Barbie, is facing increasing pressure from shareholders to consider a sale. Ariel Investments, which holds a 5.4% stake in the company, argued that Mattel's shares are undervalued under its current public structure.
C.H. Robinson Worldwide has agreed to buy truck broker RXO for approximately $5.8 billion in cash and stock. The deal is expected to create a logistics company with an enterprise value exceeding $25 billion.
The latest changes in a certain program have linked children's wealth-building efforts directly to the performance of individual stocks, raising concerns about the potential risks involved.
Bondholders of Electronic Arts have alleged a $1.4 billion debt default following the company's largest leveraged buyout. The dispute centers on whether EA must pay bondholders at a premium after going private.
GE HealthCare has announced plans to acquire Sofie for nearly $1 billion to expand its medical-imaging business. The deal is expected to strengthen GE HealthCare's footprint in radiopharmaceuticals, its fastest-growing segment.
Texas Attorney General Ken Paxton has launched an investigation into UnitedHealth Group, seeking evidence of potential violations of the Texas Deceptive Trade Practices Act.
Starbucks is facing a class-action lawsuit accusing the company of mislabeling 'sugar-free' protein drinks. The lawsuit alleges that eight beverages contained lactose, a naturally occurring sugar in milk.
Aramco CEO Amin Nasser warned that global oil inventories could take two years to rebuild, citing dangerously thin supply cushions with less than 6 billion barrels of commercial inventories remaining.
Shionogi has agreed to acquire IntraBio for $2 billion, aiming to strengthen its capabilities across its rare disease pipeline.
Robotics startup RobCo has achieved a $1 billion valuation, capitalizing on the growing demand for autonomous industrial robots.
Intesa Sanpaolo has sweetened its bid for Monte dei Paschi to $35.3 billion but warned it could withdraw if shareholders backed rival deals.
Ithaca Energy has agreed to buy offshore Canada oil assets for up to $1.1 billion, adding scale and diversification to its production outlook.