michelle: at this point david ellison group and paramount have 30 days to negotiate.ey cannot reach an agreement, some of the other bidders can come back. apollo, warner bros. has been talked about as a potential suture. at this point it seems like it is up to the paramount special committee to make some sort of recommendation and to ellison and his group to continue their diligence and hammer out the terms of a deal. sonali: you had a great profile piece about david ellison. what does he bring to the table? michelle: he has sky dance which is a movie studio. they partnered with paramount on a couple projects to one thing they have proposed is bringing over ai capabilities from david ellison's father's oracle to help propel paramount into the future. as jamie dimon said today, ai is going to cause ripples through everything. that is one thing paramount sees value in. he is an individual raised this industry and has a vision for how to take it forward in an age where traditional views -- traditional ways of doing tv are in decline. sonali: we like to keep it in the fam

people are scrambling around, "washington post" and others, shows david ellison, who is larry ellison's is giving money to biden isn't that crazy? they're missing the big story we're bringing exclusively on fox business, the confluence here has nothing to do with larry in my view and trump. has to do with david ellison will need regulatory approval from the biden administration if he wants the deal to get done this year. will have to get doj antitrust sign off on it. that is what makes this contribution, i don't know, interesting. am i saying david ellison is giving money to biden because he wants to change opinions? yo know that. it is not my job to do that. it is my job to report confluences. this is an interesting confluence of someone who needs the biden administration to approve something, giving the biden victory fund a ton of money. he might be the most socially justice oriented, left-wing radical ever to produce a movie because, remember that is his bottom line here in addition to be the song of one of the world's richest men, larry ellis sown of oracle fame. somehow i think not

they have been this -- in this exclusive period with david ellison. sony element creates a more credible alternative and investors are not happy with the terms they are hearing from the ellison offer. sonali: how much does it really give apollo credibility in terms of financing versus operational expertise? if the redstone family has 77% of the voting power here, how much do they need to sway the vote here? how can they even when frankly? -- win frankly? chris: we had a story that looks at this process. securities law has been moving more in this direction. even if you're a nonvoting shareholder, which paramount has a lot of, they say those folks should get a voice in a big transaction like is being talked about. there is nothing in paramount's bylaws or the law exclusively say they redstones can't just continue to exercise their power as the controlling shareholders. they are not required to give everyone about. if you watch the way the stock has traded, the voting shares have gone up since all these merger talks have happened because the redstones w

a new piece on cnbm examines the $930,000 donation from sky dance ceo david ellison. know the name? well, it's the son of oracle co-founder and republican mega donor larry ellison. joining us now is cnbc.com's political finance reporter brian schwarz. this is a curious move, as you point out in one of your dispatches, brian. this is like one of george soros' sons contributing to donald trump >> yeah, it's big deal for the biden campaign, because really, this was an effort to get david ellison support that it was coming from people like jeffrey katzenberg, who was trying to get david to come to the biden team, leading to this $900,000 donation to the biden fund >> why did he flip >> we're not exactly sure whether he flipped or the reason he just came over from a policy perspective. again, this was a push that came from the biden side to get david ellison to come over and support joe biden. we have a scene in the story where david ellison came to an event, a private event featuring the president himself in december and that move to get him just to come to that event sta

if they complete a deal with skydance, david ellison would take over as ceo if a deal doesn't get done, the special committee is likely to turn to a different deal apollo and sony have had talks and those could come together and make an offer this week according to one source. there are two options here >> according to reports, the apollo and sony deal is call for job losses and another structure deal i want to go back to david ellison possibly taking over as the mergered company 60% owned by skydance and the other would be publicly traded what does this mean for share h holders? >> the reason this is happening right now is that the skydance media deal and paramount global is in exclusive talks gets sherri redstone out of the company. skydance takes over her controlling shares and merge assets with paramount global the common shareholder would be along for the ride it would change nothing for a common shareholder of paramount global other than the fact it is diluted of the new equity that comes in if it went for a full takeout of the company with apollo and sony, that could be better n

but as you try to think about why would jerry redstone be into considering this david ellison path? personal premium she's getting from this deal but might be some strategic sensibility. part of the ellison team is jeff shell who was the guy running nbc universal and he's a really sharp, smart, proven capable operator who is always looking several steps down the road. and i can see a jeff shell understanding how to navigate these waters in such a way that paramount plus oracle money plus k.k.r. money equals something bigger and better. think about this, i think it's time to talk about netflix as a traditional media company. why is that? because netflix is not like those tech giants. it's got some sophisticated a.i. but you wouldn't put it in the same category as microsoft or an apple, let's say. so netflix is an undiversified media play. they're solely reliant on subscriptions and how they introduce an ad service, so that's helping them a little bit. but ultimately, they're in the same pool in terms of market cap and revenues -- not market cap but revenues as the warner bros. discove

liz: and david ellison and skydance, let's say this is ready to go through.e you willing to fight to stymy this? >> none. liz: you're not going to sue? i thought you said -- >> no, no, no, no, no. we make love. we would basically wait to see what's on the table. as an example, as an example of m&a, you take what a company called lionsgate was able to do. they have stardis, which is a small -- starz and then they have content. they're raising financing through a spac being merged into their content company. so lionsgate is a holding company. there's a lot of financial engineering that could work. we're waiting to see the cards on the table face up. liz: what would look good to you? what would be palatable to you? >> brian allen -- liz: byron. >> byron allen, sorry, and that is a certain amount for the voting stock, a certain appointment -- amount for the nonvoting and a deal to the entire company. i don't think that's a mission impossible transaction. however, they do bring an understanding and the culture of understanding content. and content over a long peri

david ellison has offered concessions, as well as the redstone question, to make possible control ofaramount global more appealing. the sky dance bid was described as a best and final offer on sunday. the paramount board is still undecided about entering the deal with ellison given the opposition from other investors. caroline: there's a lot to consider and chris has been reporting on it all weekend. we understand the board is wondering if they asked the current ceo of paramount, ahead of earnings coming out after the bell today, amid the sales process. chris: the situation was described as being very fluid, which is i think an understatement. we are reasonably certain the company will announce earnings this afternoon, but beyond that, yes, they are expected to say goodbye to their ceo, bob bakish , replacing him with a management committee on an interim basis. sky dance, that would be a change of control for the company and that was their best and final offer yesterday david ellison, the owner of sky dance, offering his contribution in terms of buying paramount stock at a premium fo

paramount is getting closer to a deal to merge with skydance, a production company founded by david ellisonarry. sumner redstone is the controlling -- of paramount. both agreed on the broad framework of the deal. they will use a 30 day window of occlusive talks to iron out the details. all of this according to sources. ed, when you deep dive on the market reaction, positive. analysts are saying there were questions and answers. ed: i'm more confused about the future of paramount. i know that's a copout but that's literally raising more questions than answers. one concern is this deal was done between voting rights shareholders. what about the nonvoting rights shareholders? it's very complicated. caroline: where is there value in a merged entity. rather than being split up as apollo is suggesting and taking bits of the assets. ed: and taking the library. caroline: real offers on the table is a key takeaway. that does it for this edition of "bloomberg technology." ed: quite a conversation with openai. check it out on the podcast. this is "bloomberg technology." ♪ do you want to close out? sho

movie producer david ellison is in negotiations to take part of paramount.s agree to pay a little more than $2 billion. we want to break all of this down with someone was been writing about it significantly, lightshed partners rich greenfield. they like this offer from ellison. do you like the steel? rich: first of all, we have not seen exactly what the deal looks like and what all the different pieces are, but i think if you are the national amusements, which is effectively the redstone family, they want an owner that is going to love the asset, take care of the asset, in much the way the redstone family has taken care of the parent studio for decades for that is one of the big attractions here, because what this transaction is is not a sale. national amusements is selling their stake to skydance, but it appears the rest of skydance being folded in, so essential it is paramount buying skydance and skydance taking control of him overall, paramount. this is not a sale. it is not seen that national amusements wants to sell the entirety of paramount to private

david ellison is leading the charge. thethe son of larry ellison.vate equity firm. it has jeff shell involved, that is very important. they have always been the real bidder here, nobody else. apollo looked at this, the problem with apollo's bid, i reported this as well, they just want the studios. apparently they don't want to just sell the studios. you can't break this thing up. it is kind of a package deal. sky bird red bridge wants that package. what what we're saying these are exclusive talks. these are all, a lot of semantics here. they may only be talking with them for the next month. this deal could fall apart, liz like anything else. apollo could come back to bid for the whole thing not just the studios. here is why it could fall apart. this is stuff we've been reporting on the "the claman countdown." the common shareholders don't do well under this deal, the way it is structured. skydance pays 2 1/2, $3 billion for sheri redstone's 80% stake in national amusements, which controlling company has the controlling shares of pay a mount. doesn't

negotiating a teal with a company called skydance which is a private company which is controlled by david ellisonoracle founder larry ellison. and under this potential deal, national amusements may be taken out, but the public shareholders will remain. and to make it even worse, the public -- paramount might actually buy this private media business from from ellison for a couple billion dollars or more and further dilute shareholders. so it's a messy situation. analyst rich greenfield has called it chaos and dysfunction at paramount. the directors seem to be controlled -- concerned about it. four of the seven are not going to stand for reelection, so it's a messy situation right now there. jack: i think we need a diagram. green fed is often right but also negative on legacy -- >> yeah. and one thing that could be aping that's positive, if this deal falls apart, that's probably the best thing for paramount shareholders. jack: is there a bull case to be made for legacy media? >> the stock is very depressed, and you could have a takeover of the entire company. apollo, the private equity firm, is rep

the media giant is investigating a possible merger with this guidance led by david ellison. the first quarter earnings beat estimates about super bowl ad sales and improving results from his streaming service. this billionaire owner is offering 34 hong kong dollars apiece for shares he doesn't already own. the deal values the company at over $6.5 million. external debt will also be provided. the embattled developer posting a net loss for the second straight quarter. it comes as they are having a cash crunch. the second largest developer by sales last year. the dollar bonds have been sliding over concerns of the financial condition. they are not escaping the impact of the property prices. the everett -- recorded their first decline. think of china also delivered a lower first quarter net income. chinese lenders are facing a prolonged squeeze that has narrowed margins to record lows. we work and they have struck a new restructuring deal. the senior lenders have agreed to provide $450 million in financing. morehead here on daybreak australia. this is bloomberg. music avalarahhh

sources have told bloomberg that the redstone family which controls a majority of shares and david ellison appeals to the companies other investors. ellison is offering to buy a block of paramount shares at a premium. his bid is described as the best and final offer. the board remains undecided about the sky dance takeover. the cfo could be ousted as soon as today by management committee. the bidding war continues. lax on his maiden nude offer for a song fun for $1.6 billion surpassing arrival fund bid. if successful, means blackstone will gain access rate to a catalog of artist including shakira and the red hot chili peppers. the board supports the new offer in the company's been trying to turn music into something like a mainstream asset class but higher rates have been slicing into valuations. major league baseball plans to address issues with its uniform after complaints about changes they made this spring. he has fan reports the mlb will return to larger lettering on the back of jerseys. they will address the nike jersey propensity to collect sweat. in a memo, the players association

times" says paramount is considering exclusive talks with skydance, the media company lead by david ellisonthe cyber review board is placing the blame on most over the hack of top officials' emails last year. in a new report the company calling the breach preventible. >>> trump media's co-founders are suing. >>> and shares of cal maine foods third quarter beat an ana analysis. >>> this morning we get the latest adp employment numbers and services nonmanufacturing figures. we're watching earnings from levi strauss. and the big event of the day is disney's annual shareholder meeting kicking off this afternoon. and fed chair speeches including from jerome powell. >>> raphael bostic will be coming up on "squawk box" at 8:30 a.m. eastern time. >>> and as markets continue to face fresh turbulence, a pair of interviews you won't want to miss when steve cohen joins "squawk box" at 8:15 as well. we'll hear from green-light capital founder david einhorn at 2:00 2:15 p.m. >>> let's get a check on futures. the dow is implied lower by 55. the s&p down by about 9, and the nasdaq off by 50. >>> our own ji

. >>> paramount is preparing to fire bob bakish as talks continue to see the ceo david ellison run theew company. bakish aurgued against the mergr in private and asking to consider alternative bidders paramount declined to comment on the ceo's potential departure. >>> coming up, we will have the latest from the special economic forum in riyadh as the secretary-general tells cnbc the geopolitical tensions are nothing new. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free >>> welcome back to recap the top story today, philips had a quarterly net loss of 1 billion euro after agreeing to pay out in the u.s. settlements over the ventilator recall sales in line wi

if this plan takes place, david ellison will be the ceo of this company. >> of the company that's notrma company of the merger of paramount and skydance, and jeff shell, our old boss, very much involved in this process as well. he's working with redbird, and he will have a significant position at the company in terms of helping them reduce costs and do a lot of different things in realizing what they believe are very significant synergies for what is essentially almost a recapitalization of paramount. yeah, ellison, shell, and then larry ellison, don't forget, as well, will be involved, because he will be a very large shareholder. >> if larry ellison is involved, i'm a buyer. end of story. >> that's paramount for today. i'll send it back to you. wrap up whatever it is you want to hit before we take a quick break. >> well, look, i think that we have to watch the group that was hurt so badly yesterday, which was home builders. they were wrecked. you take a look at pulte home, which was just crushed yesterday. it lost like a month's worth of gains, and it's making a nascent comeback, not

talking about a joint bid to buy the company paramount also in talks with sky dance media run by david ellisonof course the son of oracle founder, larry ellison there is a lot of action around paramount and misery guest jim lebenthal joining us now he owns it talk to me, goose. >> all right, brian. first off, great a block take a great raatorade block. there's a lot going on one whiskey tango fox trot going on operationally the company is doing better than expected generated free cash flow, have accelerated the time line for paramount+ and no near term maturities of debt until 2027. number one number two, people want to buy this company the news today, sony and apollo may team up to buy at a price that looks like it's in the low 20s. so this begs the question why is the stock down meaningfully this year and trading at roughly 12 times if apollo wants to buy it at 20 times. the answer is sherry redstone. for reasons of her own, she wants to do a deal with skydance the reasons may be legitimate to her. she wants to keep the name intact to honor her father she wants to get out of her a shares she

for months if she gets her way, it won't matter because bob bakish is going to be out as ceo and david ellison done. >> skydance also is backed by kkr and red bird is red bird the one that has the relationship with jeff zucker? >> and jeff shell, the former nbc ceo, would be the president of the new company, if, in fact, that deal gets agreed to >> let's move on to kenny smith, who yesterday on our air talked a good bit about the warner brothers discovery future. he chose it as his stock, saying that if wbd gets the nba rights, which are subject to negotiation right now, that's going to power warner brothers discovery. let's listen to kenny. >> i'm going with the warner brother discovery for this reason once they get the nba contract again, their stock is going to rise and they also -- think about it. they're going to -- they have the best show on television, "inside the nba. they need -- their stock will go up you cannot negate the fact that once they get the nba license once again, they will skyrocket. >> i do not dispute kenny's view that "inside the nba" is a great television show with gre

can dissipate in the upside after there is a change in leadership and the ceo of this would be david ellisony dance media and the president i am told will be our former ceo so we are moving closer toward a deal and may be finalized and i am told of things go right there is a major hurdle which is that charter communication the second largest so has to come up with a renewed deal with paramount lowball -- global. and they blacked out and lost these for about 10 days before deal was reached. >> a lot of questions and no time now but i do have a feeling we will see you on last call. thank you. >> julie fox not just today but a little scary at the beginning of the day that gdp number coming in week and we had some hot inflation data and are we ready to use that word yet or not yet? >> i think the mood is anxious and this didn't help and investors want to know what comes next when it comes to inflation but we are still positive on stocks for 2024 and nothing of the past few weeks in the market declines or worries about inflation or geopolitical concerns has change the outlook. we are sticking wit

this is david ellison's media and entertainment company. parties have been reported for almost 6 months as dancing around each other. no surprise that there is interest from sky dance in doing a potential merger with paramount. the advancement is the exclusivity of the talks, suggesting that paramount has lasered in on a potential partner. we know apollo bit of bid $11 million. warner bros. talked to them. i reported about a month ago that the talks broke down. this has always been the most interested, logical buyer. the question is, how will the deal be structured? i dance media has wanted to do a two step deal where first they acquired national amusements and merged in the film studio with the paramount studio. the paramount board has always pushed back on that thing, we are only interested if you get the whole thing, come up with excess capital if you want to do this deal for all of us. that is what we don't know. what is the structure of the deal going to look like? will there be enough of the premium paid so shareholders are okay with

this morning but was up sharply yesterday, this on reports in "the journal" and other places that david ellisonce, is in exclusive talks with shari redstone of paramount. if you look back on my reporting, you'll see it's one i've been focused on because so many other around the situation have said it has the best chance of happening. doesn't mean it necessarily will, but certainly the best chance. along with that reporting yesterday was also news that apollo, which had previously been on the paramount studio, had made an offer of $26 billion. that's an enterprise value. remember, paramount as about 11 or $12 billion in debt. but $26 billion enterprise value overall bid for the whole company. that may have given shareholders some excitement, perhaps, but of course, you have to be reminded what a control shareholder is. they have the right to say, no, to anything they want to say no to, and in this case, as i previously reported, shari redstone has not been interested in either a bid for the studio, for which if there were to be an actual sale, you imagine there might be other buyers, and/or a de

by the way -- liz: what is david, not -- >> david ellison, is a new generation of leader.and to explain that, okay, you, the common shareholders, when we get this thing settled it i will be we buy her stake there will be a lot of financial engineering. somehow redbird and skydance and kkr, will come out, they will be common shareholders this new company that will be worth about five billion dollars. liz: okay. >> you the common shareholder will benefit from us, when we have all the streaming, put our vast library to use in the new streaming revolution. we cut costs, do things that media companies should be doing, he will have capital. he will have backing. one of the problems paramount doesn't have a lot of cash. it is not doing that well. it has a lot of debt. this will be a company with a cleaner balance sheet. on top of that, we have to address the elephant in the room. what assets of paramount might get sold? here is what i'm sold. the low-hanging fruit could be sold immediately, mtvs, comedy central things like that. i asked, people close to the matter, apparently not

jeff shell is likely to make a return as running sort of the entertainment part of that, while david ellisont he does as ceo but this is not guaranteed. mario gabelli will not go away quietly. i common shareholder. he likes bob bakish. he doesn't like the deal, not enough for common shareholders himself. who knows what he is going to do. man, this is a mess. by the way, when ask the last time we've not spoken about viacom, vp, paramount, national amusements at least 2019. it is really an unbelievable story. if you notice the stock is up but you know, this is not the type of rally you see when common shareholders are, you know, jubilant about a deal. so that's one thing. the other thing i think this will slow shade on liz, this is a big story, it comes up every now and then, this dual class stock situation in a lot of media companies where you have controlling people holding the stock but they don't own most of it. they own the controlling shares, not the common shares. when you try to do a deal that benefits the controlling shareholders, you know, there is this sort of clash with the common

larry ellison, david's dad, would still be diluted to shareholders. >> who leads the special committee? >> it's a couple of directors. they're being advised by well-known investment bank. you want to create a record if you're that special committee, a really good strong record to withstand what is going to be an avalanche in litigation that you're inevitably going to get. you want to make sure you've got a great record that says, hey, we looked at everything. we did the right thing here. that takes the place really of a vote from the majority, the minority, if you have a special committee doing the work that it is doing. by the way, it may take a while. they're in exclusively. it doesn't mean they'll stay there. it's not clear that they're going to get a deal done in the next 20-some-odd days of exclu exclusivity. doesn't mean you can't extend it. we'll keep an eye on paramount shares, up fractionally. >> disney posts peltz, back to work. >> hugh johnston. >> cfo. >> jim, now it's just about delivering and executing. it's making sure the direct-to-consumer gets to the level of profitab

down another 3% as shareholders continue to clue in is the favored deal, the one that involves david ellisono the studio and issuing an enormous amount of equity, some 3 billion, which would be diluted. you'll start to see some opposition to the deal from some shareholders questioning the special committee as to why they greenlighted this 30-day exclusivity period to get this deal done. you'll need some communication for the other side saying why they view it as such as a positive. one thing that could come out of this if this deal does succeed is, you start to see some rationalization amongst the streamers starting with paramount plus, enters a joint venture with for example parent comp peacock, a likelihood you'll see begin to see that process we've been talking about for quite some time. simply too much money being spent on this content. >> you're known as the man who killed that deal, you killed paramount. >> i didn't kill paramount. i reported on the terms of the deal. >> your report killed it. that's what everyone told me. killed it. let's segue. back to chips. >> chips, baby. >> chips

. >> paramount global is getting closer to a deal to merge with david ellison sky dance media.eached a tentative agreement to sell a stake going to people familiar with the talks. shares of paramount have been under pressure for years reflecting the companies loss of traditional tv viewers and costly efforts to develop streaming service. the media company had a market value of nearly $9.2 billion at yesterday's close. tsmc has resumed operations one day after taiwan suffered it's worth -- it's worst earthquake in 29 years. the critical chipmaking equipment was unharmed and it brought about 80% of its machinery back online within 10 hours of the earthquake hitting the region. a small number of tools at the facility were damaged. tsmc says it is deploying resources to ensure a full recovery. it is the leading producer of advanced chips for both apple and nvidia. if running 26.2 miles wasn't hard enough, new york transportation officials want runners to pay bridge tolls as well. that's according to the new york times. the mta is demanding roughly $750,000 in lost toll revenue stem

this comes as paramount is also negotiating a potential merger with skydance, which is owned by david ellison. familiar here in the bay area, he grew up here and is the son of oracle's larry ellison. apollo previously made a $26 billion offer to purchase paramount, but paramount chose to continue its talks with skydance. the terms of the new joint bid are still being worked out. it is a first for a company known for selling furniture and home decor online. wayfair has announced it is opening its first physical store next month. it will be about the size of a typical costco. it will be located in a shopping mall outside chicago. wayfair's expansion into a physical store is a bit of a gamble, though it has been struggling with sluggish sales online recently, and san jose based archer aviation says it will begin testing its electric car air taxi in india next year. archer says it is in the final stages of getting approval from the federal aviation administration in the us, which it expects will come through next year, after which it will seek clearances in india. the company says it will launch

company was entering exclusive merger talks with sky dance, a production company controlled by david ell ellisonof billionaire oracle founder larry ellison. sounds real good, right? made it sound like a done deal even better. analysts raised the price target, one even upgraded the stock. but this morning david faber broke the story that thanks to the dire state of paramount's balance sheet here we go again the company might need to do an equity raise of up to $3 billion or else no deal. that, any friends, is bad. according to faber's reporting ellison and his partners would buy any equity raised but it wrote still be diluted for harlds. the market didn't care for this news and that's why the stock sunk giving back most of yesterday's gains. even if paramount gets a takeover bid it probably won't be a huge windfall for shareholders as nobody's crazy enough to pay up for this thing right now. people don't like this. by the way, great work again by my "squawk on the street" colleague david faber. given this how do our media rankings change? first i want to swap fox for disney at the top of the rank

david ellison's father, larry, is one of the richest men in the world.process. they don't like the leaks to the media. think think it's become kind of a circus. the deadline is may 3rd. if there's no extension here, we can see resolution on this happening or not happening by the end of the week. >> okay. matt, thank you. matt bellamy. >>> coming up, takeaways on this morning's big pharma earnings. we'll speak thwi a top eli lilly analyst after a break. "squawk box" coming right back. ♪(fun music)♪ mom, can i help? camping was fun, but it looks we brought the woods back with us. if you're a mom, then you really need weathertech for mother's day. it's the ultimate way to kid proof your vehicle. from laser-measured floorliners for the front and rear... to cargoliner...seat protector... and seat back protectors... we've got mom's covered. your turn. (hose spraying and laughter) find all these american made gifts, perfect for mother's day, at wt.com it's your time to cache in... so don't just play... stay at northern california's premier casino resort. book y

david ellison, sown of larry ellison, gave $929 million to back biden. it comes as his fiancee larry has refrained from donating in 2024. for context, larry donated $31 million to gp candidates during the 2022 congressional midterms. the move by the biden campaign to gain dauvd ellison's report was a move by biden's campaign manager. >>> meantime trump's criminal hush money trial continued yesterday in manhattan. the jury has partially been selected. the judge expected opening statements to begin on monday morning. >>> meantime the other piece of this that everyone's watching at least in our world is shares of trump media, which fell again sharply yesterday. closing down by nearly 14%. it's don 30% in the last two sessions. a sharp drop coming after the company announced a rollout. immediately afterward when we talked about this, the worldwide streaming plan would be a platform for content delivery. it jumped a couple percent and went the other way. the content expected to include, as they said, news networks, religious challenges, family-friendly conten

a former paramount man, what do you think about the hand that sheri redstone has and the hand david ellisonwell, now, i guess exclusive you. i would not want to be a member of their, of their special committee. that this group now has to decide to value the skydance company. you know, all companies that get internal valuations are just wrong. i mean, they're usually blown up beyond all proportion of reality. so you can say it's worth $4 billion or $6 billion, whatever billion it's worth, but what is it actually worth and how could the special committee make a decision to exchange basically paramount shares for that asset without -- i don't know -- a trillion lawsuits at their throats? i think it's an impossible thing to do, but good luck to them. >> what else could they do? i mean, it's so complicated by -- >> i don't think there's any way you can take -- that kind of conflict of interests. we've got one party who now has actually voting control of the company. >> right. >> on the other side, you've got a transaction that actually -- there is no way that independent shareholders could ever

david ellison is closing in on paramount. the movie producer and tech air needs to sell paramount's gourd on the merger with its production company, sky dance media. ellison would serve as the ceo of the combined company. his father, larry, a big co-founder is one of several names being footed for the role of chair. for a few fleeting moments today, americans will turn their gaze toward the sun as the path of a total eclipse tracks across cities from towns in texas to maine. the event will last for several hours but the main spectacle where the day turns to night is expected to last for about four minutes. get outside and get your glasses. areas along the path are fully booked. buffalo called it there super bowl. -- that is roughly the output of 30 nuclear reactors. that is your bloomberg brief. jonathan: amazing. guess who came in this morning prepared with glasses? guess who? >> and i bought one for each of you. >> thank you. i'm very excited. >> these are so cool. >> you aren't going to watch? jonathan: no. that's naptime,

paramount is considering exclusive talks with sundance, the media entertainment company, david ellisonthey're seeking to sell all instead of parts of the company. stock is down 20% this your and more than 40% o every the past 12 months. there have been discussions about apollo commenting about buying the studio separately, but that does not appear to be on the table at least right now, becky. >> thanks, andrew. >>> when we come back, tesla shares taking a hit yesterday after disappointing first quarter delivery numbers. we've got the details right after the break. >>> and in the next hour, we'll get reaction from ark invest cathie wood. "squawk box" will be right back. >> announcer: this cnbc program is sponsored by baird. visit baird difference daumg. tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. the future is not just

david ellison's's guidance. redstone has been weighing a sale of the family holding company national amusements to ellison for monthsl amusements holds a near 80% voting stake in paramount global, the parent of cbs and mtv. asset manager aviva, part of the insurance group, is tapping australia's pension funds to partner in private deals in the u.k. and europe. as a surging pool of requirement savings lures investors. the firm has been talking to some funds about co-investments in district centers and residential develop is in his push to double its real assets portfolio over the next five years. meanwhile, aviva's ceo says progress towards gender parity in u.k. financial services is too slow. amanda blank is regarded as a champion for diversity and equality in britain. and as one of the few female leaders of a european blue-chip. in an interview with francine lacqua, she highlighted the importance of shared parental leave. >> if you are looking at the ftse 100 and you have 10 female ceos, 90 male ceos, you have to say something is not quite right about that. if we look in financial services, we have seen 1% improvem

all of this comes after yesterday's david elson's skydance made its best and final offer for paramount, also according to sources in that deal ellisonf and jeff would be president of this new combined company and that's according to sources close to the situation who tell us that the final offer that they made yesterday does include paying a premium for some percentage of class b shares which would mean a better deal for non-voting shareholders investors seem reassured by that news with shares up about 3.5% today, but last week investor matrix asset advisors sent a letter to paramount global saying it is bad for shareholders with bernstein agreeing with that sentiment shares are still down about 25% since the news broke back in december 10th and sherry redstone was looking to sell her controlling stake in the company. now sources tell me sony and apollo are considering submitting their alternative proposal to skydance's bid as earlier as this week there's another wild card here, as well and paramount's negotiations with charter over their deal that expires tomorrow night. the terms of that deal and whether charter takes all of the c

media ceo david elion have made concessions to make potential leadership changes at paramount, paramount global's board is reportedly preparing to fire the ceo as soon as this morning. ellisonum to help improve the company's finances, they're expected to the report first quarter earnings after the close tonight, the stock is down 49% over the last year but this morning get a bump on the speculation that the ceo is out. quick break and campus protests ramping up as harvard students fly a palestinian flag in a spot reserved for the american flag. congressman mark alford is here with his reaction, plus recapping his trip to taiwan, all coming up next. ♪ (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once, and get closer to iconic landmarks, local life, and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort. and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. (jennifer) the reason why golo customers have suc

. >> oh, no, david, jonathan kanter watches the show, and what they're saying -- will you listen to me >> larry ellisont -- >> just wave to regulators all day long >> the ftc does not watch the show >> lina khan does not watch this show she will personally come down here and program her generative a.i. to figure out how to eliminate jim. >> i'm just saying if you're going to go after simon & schuster merging with whoever, you know, that's the steven king case, you think you're not going to go after organize snl. >> you're not. the fcc review will be significant. by the way, there's going to be plenty of asset sales associated with any deal, unless it was just a nondeal, and paramount just stays out there, but any deal cbs stations, the networks all anybody really wants is a studio that's of great value. the only other thing i would mention on paramount to sort of -- we talked about it enough for now, but the -- i do hear that shari redstone has other bids for just national amusements that don't involve any of the difficulties that we're -- difficulties or the complex transaction we're talking about. >>