David Ellison Buys Property From National Amusements In Transaction

ACQUISITION IMAGE: David Ellison & Shari Redstone DATE: 01/11/2024 BUYER: David Ellison SELLER: National Amusements MARKET CAP: $9,400,000,000 PRICE: $XXX,XXX,XXX,XXX NOTE: Skydance Media CEO David Ellison is reportedly considering an all-cash bid to acquire National Amusements, the parent company of entertainment giant Paramount Global. With financing from existing investors including The Ellison family, RedBird Capital Partners, and Tencent, Ellison aims to take control of National Amusements and, if successful, explore a merger with Skydance. Talks are in the early stages and may not lead to a deal. Paramount, with a market capitalization of $9.4 billion, has attracted interest amid challenges in the global entertainment industry, and Ellison's bid may signal potential consolidation in the sector. #VentureCapital #DavidEllison #ShariRedstone #NationalAmusements #TradedVC

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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC