NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP is investigating whether the Paramount Global (Nasdaq:PARA) merger transaction is fair to minority shareholders, who are being offered up to $15 per share in exchange for their Paramount Class B Shares. Shareholders are encouraged to submit their information to find out about their rights. On July 7, 2024, Paramount Global announced that it had entered into a merger transaction with a consortium led by Skydance Media, RedBir ...

Core Insights - Nickelodeon is celebrating the 25th anniversary of SpongeBob SquarePants with a large-scale tribute at Comic-Con International: San Diego 2024, featuring immersive experiences and panels [10][21] - The event includes a 1,800 square-foot booth recreating the "Help Wanted" episode, along with various interactive activities and merchandise [10][16] - Paramount+ serves as the streaming home for SpongeBob fans, offering extensive Bikini Bottom content [15] Nickelodeon Overview - Nickelodeon, now in its 45th year, is the leading entertainment brand for children, encompassing television programming, consumer products, digital experiences, and feature films [7] - The brand has built a diverse global business by prioritizing children's interests [7] SpongeBob SquarePants Highlights - Since its launch on July 17, 1999, SpongeBob SquarePants has been the most-watched animated series for 22 consecutive years, with a global fan base and extensive merchandise [21] - The show has been translated into over 30 languages and reaches more than 90 million viewers quarterly [21] Comic-Con Activities - The Comic-Con booth features interactive elements such as a slow-motion video opportunity, a virtual game, and a retail area for exclusive merchandise [17][20] - Nickelodeon will host two panels, including a special celebration of SpongeBob's origins and a discussion on the Avatar series [11][19] Paramount+ Overview - Paramount+ is a direct-to-consumer streaming service that combines live sports, breaking news, and a vast library of entertainment content from various brands, including Nickelodeon [8]

On July 7, 2024, Paramount Global announced that it had entered into a merger transaction with a consortium led by Skydance Media, RedBird Capital, and the Ellison Family (the "Skydance Consortium"). Minority shareholders will have no say over the merger transaction, as National Amusements, which controls nearly 80% of Paramount voting stock, is apparently unwilling to subject the merger to a vote of minority shareholders. Shareholders are encouraged to submit their information to find out about their right ...

Paramount Global (NASDAQ:PARA) said it finally reached an agreement to be acquired by privately held Skydance Media. The sides had been negotiating for months. The most important part of the deal is a 45-day "go shop" period. This period allows the Paramount board time to find a better bid. PARA Stock: What Happens Next? On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. The deal is complex, and PARA stoc ...

The merger agreement includes a 45-day "go-shop" period, which permits the Special Committee and its representatives to actively solicit and consider alternative acquisition proposals. There can be no assurance that this process will result in a superior proposal, and the Company does not intend to disclose developments with respect to the go-shop process unless and until it determines such disclosure is appropriate or is otherwise required. Further information regarding terms and conditions contained in th ...

Paramount Class A Stockholders to Receive $23 Per Share in Cash/Stock Election, Class B Stockholders to Receive $15 Per Share in Cash/Stock Election; Cash Consideration Available to Public Shareholders Totals $4.5 Billion New Paramount will be a creative-driven destination for storytellers dedicated to delivering top-quality content Skydance will merge with Paramount in an all-stock transaction, valuing Skydance at $4.75 billion; Skydance equity holders will receive 317 million Class B Shares valued at $15 ...

Play.Works expands its CTV game line-up with the fun-filled adventure of "SpongeBob Bounce" Announcing the all-new SpongeBob SquarePants Bounce game from Play.Works on Connected TV's! (PRNewsfoto/Play.Works) Jonathan Boltax, CEO of Play.Works, shares his excitement: "We're thrilled to bring SpongeBob SquarePants to living rooms worldwide with the 'SpongeBob Bounce' game. This addition enriches our Connected TV games catalog with globally recognized and entertaining characters and aims to attract both longti ...

Paramount Global (PARA) recently announced that it is set to increase prices for most Paramount+ plans. The ad-free Paramount+ With Showtime plan will increase $1 to $12.99 per month, while the Paramount+ Essential plan with ads will increase $2, reaching $7.99 per month for new subscribers. These new rates will be effective starting Aug 20 for all new customers. Existing subscribers to Paramount+ With Showtime will see the new price on their next billing date on or after Sep 20. Paramount+ Essential monthl ...

With the stock market rising, picking the top stocks at 52-week lows is important for those looking for growth opportunities. Currently, three businesses in this category stand out thanks to their strategic ambitions and financial performance in response to changing macroeconomic conditions and market needs. Gaining insight into the factors propelling these businesses is beneficial in assessing their investment prospects. With a solid digital sales platform, all three of these businesses have transformed th ...

NEW YORK, June 24, 2024 /PRNewswire/ -- Paramount Global and The Described and Captioned Media Program (DCMP) today announced an unprecedented partnership that ensures hundreds of hours of Nickelodeon's hit animated and live-action series will be accessible to families with young viewers and students with disabilities. The multi-year agreement commences with several Nickelodeon series, including Bossy Bear, Tiny Chef Show, Blues Clues & You! and Santiago of the Seas and will include distribution via DCMP's ...