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Recent data indicates a contraction in Germany's economy and weak manufacturing across the Eurozone, prompting expectations for interest rate cuts by the European Central Bank and the Bank of England. Analysts predict a challenging economic landscape ahead, with potential stagnation in growth.
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Edgar Bronfman Jr. has withdrawn his bid for Paramount's parent company, National Amusements Inc., just before the deadline. His exit clears the path for Skydance Media's $8 billion acquisition of Paramount, which had been under negotiation since July 2024.
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Larry Ellison will gain control of Paramount Global following Skydance Media's acquisition of the Redstone family's stake. Ellison will own 77.5% of National Amusements, with his son David Ellison as CEO. This marks a significant shift in the media landscape, ending Shari Redstone's long-standing influence.