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January 14, 2024 - Deals
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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B Capital Closes $500 Million Ascent Fund III To Invest In AI-Driven StartupsB Capital announced the final close of its oversubscribed Ascent Fund III at its $500 million hard cap, nearly doubling the size of its predecessor to back Seed through Series B startups developing AI-driven technologies across healthcare, enterprise, energy and frontier tech in North America and Asia. Co-CEOs and co-founders Eduardo Saverin and Raj Ganguly said the fund will help entrepreneurs build the next generation of AI-powered companies, with more than 20 investments already made, including Apptronik, Havoc AI and Star Catcher, while the firm now manages more than $12 billion in assets across its global investment platform.
FOUNDERS: Eduardo Saverin & Raj Ganguly
AMOUNT: $500,000,000
HQ: San Francisco, California
#VentureCapital #BCapital #EduardoSaverin #RajGanguly #TradedVC
Lockheed Martin Acquires Ultra Maritime From Advent International For $3.45 BillionLockheed Martin has agreed to acquire Ultra Maritime from Advent International for $3.45 billion, expanding its undersea warfare capabilities through the addition of Ultra's sonar technologies, sonobuoys, torpedo defense systems, radar solutions, and autonomous maritime sensing platforms. The business will be integrated into Lockheed Martin's Rotary and Mission Systems division, with Stephanie C. Hill, president of the unit, saying the acquisition strengthens the company's ability to deliver advanced anti-submarine warfare technologies to the U.S. and allied navies amid rising global defense demand.
SALE PRICE: $3,450,000,000
HQ: Bethesda, Maryland
#VentureCapital #LockheedMartin #UltraMaritime #AdventInternational #TradedVC
Castlelake Agrees To £5.5 Billion Takeover Of EasyJet Valuing Company At £6.90 Per ShareEasyJet, a U.K.-based low-cost airline serving destinations across Europe, has agreed in principle to a £5.5 billion takeover by U.S. investment firm Castlelake, valuing the company at £6.90 per share on a fully diluted basis. The deal follows EasyJet's rejection of three earlier lower offers from Castlelake and, if completed, would mark a significant new chapter for the 31-year-old carrier. A binding offer deadline has been set for Aug. 3. The information provided does not mention a founder or CEO, and no recent funding raise was disclosed.
SALE PRICE: $7,352,400,000
HQ: United Kingdom
#VentureCapital #EasyJet #Castlelake #TradedVC