Paramount Agrees to Skydance Merger, Ending Redstone Era

Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. Shari Redstone has agreed to sell Hollywood group Paramount to independent film studio Skydance, ending her family’s involvement in the company her grandfather founded in 1936. The merger, which values ​​the new company at $28 billion, … Read more

Opec+ agrees to continue deep production cuts until next year

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. OPEC+ members have agreed to deep oil production cuts, in some cases until the end of 2025, as they battle to maintain prices amid weak global demand and increased supply from other parts of the … Read more

ConocoPhillips agrees to buy Marathon Oil in a $22.5 billion deal

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. ConocoPhillips has agreed to buy rival Marathon Oil in an all-stock deal that values ​​the Houston-based company at $22.5 billion, including debt, as a wave of consolidation continues to sweep through the U.S. oil patch. … Read more