Paramount Global
Media company that owned CBS and Paramount Pictures
- Entries
- 8
- On the record
- 1
- Stories
- 1
- Latest entry
- Aug 7, 2025
The record
Paramount Global is the company formed when CBS Corporation and Viacom completed their merger on December 4, 2019, under the name ViacomCBS, with Bob Bakish as president and chief executive. Viacom shares converted at 0.59625 to one, and the combined company said it held more than 140,000 TV episodes and 3,600 film titles. It renamed itself Paramount Global effective February 16, 2022, according to its amended charter filed with the SEC.
Control changed hands in 2024 and 2025. On July 7, 2024, Paramount and Skydance Media announced a deal in which a Skydance group led by the Ellison family and RedBird Capital would buy National Amusements, the controlling shareholder, for $2.4 billion, then merge Skydance into Paramount, offering public holders $23 a share for Class A and $15 for Class B in cash. David Ellison was named as chairman and chief executive of the new company.
The deal closed on August 7, 2025, more than a year after the announcement and later than the first-half 2025 target the companies had set. Paramount Global became a wholly owned subsidiary of Paramount Skydance Corporation, notified Nasdaq it would delist its shares and ended its 2019 governance agreement with National Amusements, which was to be renamed Harbor Lights Entertainment. Its closing filing lists Jeffrey Shell as president and principal executive officer.
Roles and honours on the record
Every entry, newest first
- Ruled
The FCC approved Skydance's $8 billion acquisition of Paramount Global by granting license transfer applications. Meta, Paramount, ABC settled Trump suits: $25M, $16M, $15M
- Reported
Paramount said it would pay $16 million to settle Trump's "60 Minutes" suit, with no apology, per CNN. Meta, Paramount, ABC settled Trump suits: $25M, $16M, $15M
Stories in this file
The record, entry by entry
- 2019-12-04 Official CBS and Viacom completed their merger as ViacomCBS, with Bob Bakish as president and CEO; each Viacom share converted into 0.59625 of a ViacomCBS share, and trading began on Nasdaq the next day. ViacomCBS press release, Form 8-K exhibit 99.1
- 2022-02-16 Official The company's amended certificate of incorporation took effect, changing its name to Paramount Global; SEC records list ViacomCBS Inc. as the former name. Paramount Global, Form 8-K exhibit 3.1
- 2024-07-07 Official Paramount and Skydance signed a definitive agreement: a Skydance-led group would buy National Amusements for $2.4 billion and Skydance would merge with Paramount, with $4.5 billion in cash for public shareholders and an enterprise value of about $28 billion. Paramount and Skydance release, Form 8-K exhibit 99.1
- 2024-07-07 Official The agreement gave Paramount's special committee a 45-day go-shop period to seek a better offer and named David Ellison as chairman and CEO and Jeff Shell as president of the combined company. Paramount and Skydance release, Form 8-K exhibit 99.1
- 2025-08-07 Official The Skydance transactions closed. Paramount Global became a wholly owned subsidiary of Paramount Skydance Corporation; Class A holders electing cash received $23 a share and Class B holders $15, subject to proration. Paramount Global, Form 8-K
- 2025-08-07 Official Paramount notified Nasdaq of its intent to delist its securities and terminated its August 13, 2019 governance agreement with National Amusements, which was to be renamed Harbor Lights Entertainment. Paramount Global, Form 8-K