World
Entertainment giant Paramount agrees to a merger with Skydance
NEW YORK (AP) — Entertainment giant Paramount, which owns CBS and was behind blockbuster films such as “Top Gun” and “The Godfather” has agreed to merge with Skydance, the companies said.
The new combined company is valued at around $28 billion.
“Given the changes in the industry, we want to fortify Paramount for the future while ensuring that content remains king,” said Shari Redstone, chair of Paramount Global.
Redstone’s National Amusements owns more than three-quarters of Paramount’s Class A voting shares though the estate of her late father, Sumner Redstone, according to data firm FactSet. Shari Redstone had battled to keep control of the company.
Skydance, based in Santa Monica, California, has helped produce some major Paramount hits in recent years. Those include several Tom Cruise films including “Top Gun: Maverick” and installments of the “Mission Impossible” series.
Skydance was founded in 2010 by David Ellison, son of billionaire Larry Ellison, the founder of the software company Oracle. It quickly formed a production partnership with Paramount that same year.
David Ellison will be chairman and chief executive officer of what’s being called New Paramount. The agreement still needs regulatory approval.
The on-again, off-again merger arrives at tumultuous time for Paramount, which in an annual shareholder meeting in early June laid out a restructuring plan that includes major cost cuts. The company also saw a leadership shakeup earlier this year.
Paramount has struggled in an evolving media landscape, particularly as its traditional cable business has declined. To capture today’s growing streaming audience, the company launched Paramount+ back in 2021, but losses and debts have still piled up over time.
Sumner Redstone used National Amusements, his family’s movie theater chain, to build a vast media empire that included CBS and Viacom, which have merged and separated a number of times over the years. Most recently, the companies re-joined forces in 2019, undoing the split consummated in 2006. The company, ViacomCBS, changed its name to Paramount Global in 2022.
Under Sumner Redstone’s leadership, Viacom became one of the nation’s media titans, home to pay TV channels MTV and Comedy Central and movie studio Paramount Pictures.
Skydance wasn’t the only one to make a Paramount bid in recent months — Apollo Global Management and Sony Pictures also made competing offers. Late last year, Warner Bros. Discovery also made headlines for exploring a potential merger with Paramount. But by February, Warner had reportedly halted those talks.
World
Video: W.H.O. Chief Visits Ebola-Struck Region: ‘It’s Time to Move Fast’
new video loaded: W.H.O. Chief Visits Ebola-Struck Region: ‘It’s Time to Move Fast’
transcript
transcript
W.H.O. Chief Visits Ebola-Struck Region: ‘It’s Time to Move Fast’
Dr. Tedros Adhanom Ghebreyesus, the director general of the World Health Organization, told The New York Times on a flight to the Democratic Republic of Congo that swift international support was necessary to contain the Ebola virus, which is spreading rapidly there.
-
“Of course there are different scenarios, but it’s in our hands. We move fast, we will catch up. If we don’t, it will be a very serious problem. So it’s time to really move fast.” A dire warning from the World Health Organization chief as we approach Ituri, the province at the center of Democratic Republic of Congo’s Ebola outbreak. More than 1,000 suspected Ebola cases and over 200 suspected deaths have been reported here. With no vaccines and no treatment for the virus species fueling the outbreak, containment is where immediate efforts should focus, health officials say. It’s not easy. Testing capacity is still very low. Protective supplies are short. Both the facilities for isolation and the region’s overall health care infrastructure are insufficient. “We cannot tell them what the problem is, Ebola is one but there are many problems and we have to listen to them.” It’s not the first Ebola outbreak for Congo, and as a glimmer of hope, officials say at least one health care worker was discharged earlier this week after recovering. But international commitments to fund their response aren’t enough. Only one-third of the needed funds have been delivered, the W.H.O. chief says. “Do you think the world is moving fast enough right now?” “It’s starting to understand now, but I still don’t think it’s enough.”
By Bethlehem Feleke, Michael Anthony Adams and Alisa Shodiyev Kaff
May 30, 2026
World
Moscow, Taliban forge military alliance in power grab after US Afghanistan exit: reports
NEWYou can now listen to Fox News articles!
Russia and the Taliban government in Afghanistan have signed a military cooperation pact, cementing an alliance that further solidifies Moscow’s influence in Central Asia, according to reports.
The deal, finalized Wednesday at an international security forum in Russia, followed a meeting between Russian Security Council Secretary Sergei Shoigu and Afghan Defense Minister Mohammad Yaqoob.
The Taliban Defense Ministry announced on X that Yaqoob had traveled to Russia to attend the conference.
Yaqoob is the Taliban’s former military chief and the son of Taliban founder Mullah Mohammad Omar.
AL QAEDA REMAINS MOST DANGEROUS TERRORIST GROUP 24 YEARS AFTER 9/11, EXPERT WARNS
Russia and the Taliban government in Afghanistan have signed a new military-technical cooperation pact, cementing an alliance that solidifies Moscow’s influence in Central Asia. (Photo by Elke Scholiers / Getty Images)
Omar had formed a close alliance with Osama bin Laden and provided a safe haven from which al Qaeda planned the 9/11 terrorist attacks.
As of Thursday, neither Russia nor the Afghan side had shared the further details of the new military agreement.
“Afghanistan and Russia have long and historical relations. In this direction, we want to move further. We have expanded bilateral relations,” Yaqoob said at the meeting.
The pact follows statements from a senior Russian security official who noted that Moscow has established a “full-fledged partnership” with Afghanistan’s ruling Taliban and is encouraging other countries in the region to expand cooperation with Kabul, Reuters reported.
The Taliban had regained power in August 2021, after overthrowing the U.S.-backed Afghan government run by President Ashraf Ghani.
In 2021, Russian President Vladimir Putin acknowledged the possibility of dropping Russia’s classification of the Taliban as a terrorist organization.
FORMER AFGHAN TRANSLATOR WARNS OF STARVATION, HUMANITARIAN CRISIS: ‘BACK TO WHERE WE STARTED IN 2001’
In 2021, Russian President Vladimir Putin acknowledged the possibility of dropping Russia’s classification of the Taliban as a terrorist organization. (Alexander Kazakov/Sputnik/Kremlin Pool Photo/AP, File)
In 2024, he called the Taliban “allies in the fight against terrorism” and Russia became the first country to formally recognize the Islamic Emirate of Afghanistan.
“After several years of vacillation, Russia has become the first country in the world to officially recognize the Taliban government in Afghanistan,” Nikita Smagin, an expert on Iranian foreign and domestic policies, Islamism and Russia’s policy in the Middle East, said in a report from the Carnegie Endowment for International Peace.
“It’s more of a symbolic gesture than something driven by trade or economic considerations,” Smagin added, describing how when Taliban militants entered the Afghan capital in August 2021, “Russia was already deemed eligible for special treatment.”
“Its diplomatic mission was immediately provided with security, and Russian Ambassador Dmitry Zhirnov became the first foreign diplomat to meet with the new rulers of Afghanistan,” he explained.
On Wednesday, Shoigu also called for Western countries to unfreeze sanctioned Afghan assets.
AFGHANISTAN’S ONLY WOMEN-LED RADIO STATION TO RESUME OPERATIONS AFTER TALIBAN LIFTS SUSPENSION
Russia has become the first country in the world to officially recognize the Taliban government in Afghanistan. (Photo by Elke Scholiers / Getty Images)
“We are convinced that Western countries should unfreeze blocked Afghan assets, fully recognize their responsibility for their 20-year presence in Afghanistan, and bear the burden of the country’s post-conflict reconstruction,” Shoigu said, according to reports.
“Moscow needs to take steps that will restore its image as an influential power that holds the initiative, and recognition of the Taliban regime serves precisely that purpose,” Smagin added.
“The status of the first country to establish official diplomatic relations with the Taliban government should ensure Russia has a leading role in discussions of regional security issues.”
The recognition of the Taliban, he said, was an attempt by Russia to “prove itself as a leading global force that is not afraid to break established norms and set precedents for other countries.”
CLICK HERE TO DOWNLOAD THE FOX NEWS APP
Moscow continues to emphasize the need to work directly with Kabul as it faces severe, ongoing security threats from various rival Islamist militant groups operating throughout Central Asia and the Middle East, Reuters said.
Shoigu also said Moscow was building a “pragmatic dialogue” with the Taliban that included security, trade, culture and humanitarian support, the outlet reported May 14.
World
Paris Saint-Germain wins the Champions League after penalty shootout victory against Arsenal
Paris Saint-Germain won back-to-back Champions League titles after a 4–3 penalty shootout victory over Arsenal in Budapest. Following a 1–1 draw through extra time, Gabriel Magalhães missed the decisive spot kick to hand PSG the trophy.
-
South-Carolina4 minutes agoSouth Carolina Lottery Powerball, Pick 3 results for May 30, 2026
-
South Dakota11 minutes ago
SD Lottery Powerball, Lotto America winning numbers for May 30, 2026
-
Tennessee14 minutes agoEmerging data centers: New TN law to protect ratepayers goes into effect in July
-
Texas19 minutes agoThe Moment That Completely Changed Texas A&M’s Regional Blowout Win Over Texas State
-
Utah26 minutes agoFrom small-town Utah to NYC: Accomplished hairstylist reflects on journey to upscale SoHo salon
-
Vermont29 minutes ago
VT Lottery Powerball, Pick 3 results for May 30, 2026
-
Washington39 minutes ago
Eleven Confirmed Dead in Washington State Chemical Accident, All Bodies Recovered
-
Virginia41 minutes agoVirginia Lottery Powerball, Pick 3 Night results for May 30, 2026