Merger • Media

Paramount Skydance Acquires Skydance Media

On July 7, 2024, Paramount Skydance acquired media company Skydance Media from RedBird Capital Partners and KKR

Acquisition Context
  • This is Paramount Skydance’s 10th transaction in the Media sector.
  • This is Paramount Skydance’s 8th transaction in the United States.
  • This is Paramount Skydance’s 3rd transaction in California.

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M&A Deal Summary

Date July 7, 2024
Target Skydance Media
Sector Media
Buyer(s) Paramount Skydance
Sellers(s) RedBird Capital Partners
KKR
Deal Type Merger
Advisor(s) BofA Securities
Moelis & Co.
The Raine Group (Financial)
Latham & Watkins (Legal)

Target Company

Skydance Media

Santa Monica, California, United States
Skydance Media is a diversified media company provides elevated, event-level entertainment for global audiences. Skydance produces content across its feature film, television, interactive and animation divisions. Skydance Media was established in 2010 and is based in Santa Monica, California.
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Buyer Overview 1

Buyer

Paramount Skydance

New York, New York, United States

Category Company
Founded 1986
Sector Media
Employees18,600
Revenue 29.2B USD (2024)
DESCRIPTION

Paramount Skydance is a global media and entertainment company. It operates across three core segments—Studios, Direct?to?Consumer, and TV Media—and manages iconic assets including Paramount Pictures, CBS, MTV, Nickelodeon, Paramount+, and Pluto TV. Paramount Skydance was formed in 1986 and is based in New York, New York.


Deal Context for Buyer #
Overall 13 of 14
Sector: Media 10 of 10
Type: Merger 3 of 3
State: California 3 of 3
Country: United States 8 of 9
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 Simon & Schuster

New York, New York, United States

Simon & Schuster is a publisher and distributor, and seller of books in print, digital, and audio formats. Simon & Schuster was founded in 1924 and is based in New York City.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-06 The Free Press

New York, New York, United States

The Free Press is a digital media outlets today. The publication’s commitment to independent, fact-based journalism has earned it a broad and influential following that spans generations, geographies, and perspectives. The Free Press was formed in 2021 and is based in New York, New York.

Buy $150M

Seller Profiles 2

SELLER

RedBird Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

RedBird Capital Partners is a private equity firm focused on investing in growth-oriented companies in the business services, financial services, sports/leisure/hospitality, and media/entertainment sectors. RedBird will consider opportunities throughout North America and has a particular interest in businesses at an inflection point with proven business models, strong management, and little debt. RedBird Capital Partners was formed in 2014 and is based in New York, New York.


Deal Context for Seller #
Overall 10 of 11
Sector: Media 4 of 4
Type: Merger 1 of 1
State: California 2 of 2
Country: United States 10 of 11
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-16 All3Media

London, United Kingdom

All3Media is an independent TV production company. All3Media comprises of over 15 companies and 28 creative centres based in the UK, the US, Germany, the Netherlands and Australasia. All3Media was formed in 2003 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-02 Four Corners Petroleum

Golden, Colorado, United States

Four Corners Petroleum is an oil and gas company that acquires, operates, and develops crude oil and natural gas producing acreage primarily in the Permian Basin. Four Corners Petroleum was established in 2016 and is based in Golden, Colorado.

Sell -
SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


Deal Context for Seller #
Overall 203 of 215
Sector: Media 9 of 9
Type: Merger 6 of 6
State: California 18 of 20
Country: United States 87 of 94
Year: 2024 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-21 Superstruct

London, United Kingdom

Superstruct is a global platform of live music festivals and music events in Europe and Australia. Its well-diversified portfolio includes some of Europe’s most popular festivals and live event formats, among them Flow, Arenal Sound, Zwarte Cross, elrow, Victorious, Resurrection Fest and Lost Village, alongside established capabilities in brand partnerships, merchandise, staging and travel solutions. Superstruct was founded in 2017 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Nasuni

Boston, Massachusetts, United States

Nasuni is a file data services company that helps organizations create a secure, file data cloud for digital transformation, global growth, and information insight. Nasuni was founded in 2009 and is based in Boston, Massachusetts.

Buy -

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