INSIDER
The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.
The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.
National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media.
Sony Pictures and Apollo Global Management have expressed interest in buying Paramount Global for $26 billion.
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FREEPORT, Texas – Two bodies were found after officials discovered two vehicles submerged at a Freeport retention pond Thursday morning, according to law enforcement. At about 6:30 a.m., officials received reports of a submerged vehicle at a pond near the intersection of Highway 36 and South Brazozport Road. As crews pulled out the submerged vehicle, they found the body of 44-year-old David Ellison of Katy, Texas. Human remains were also found inside the vehicle, investigators said. Two vehicles were found submerged in a Freeport, Texas retention pond on Aug. 6, 2020.
