TSMC shares rose, with Morgan Stanley among analysts raising their forecasts. (CPHOTO via Getty Images) TSMC (TSM) Shares of TSMC rose as much as 3% in Taipei (2330.TW), extending a rally this year to more than 75% as chipmakers prepare for TSMC’s price hikes. Shares also rose after Morgan Stanley joined a group of brokers … Read more
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
After more than six months of grueling negotiations, David Ellison thought he was about to make the deal of a lifetime: the acquisition of Paramount, the century-old Hollywood studio. Ellison received word Tuesday morning in Los Angeles from an adviser to Shari Redstone, the heiress who controls the media group behind classics, including The godfather, … Read more
Getty Images UPDATED with new timeline. Paramount Global and Skydance have agreed to terms for a merger, a person familiar with the deal talks confirmed to Deadline, with Paramount controlling shareholder Shari Redstone taking a final look. CNBC reported the stepped-up timeline earlier Monday. As Deadline and other media reported this weekend, a revised offer … Read more