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Paramount Global Rejects Last-Minute Bid, Reaffirms Skydance Deal
UPDATED with statement from Paramount Global special committee
Here comes a plot twist: As Skydance Media and RedBird Capital Partners work to close the Larry Ellison-backed takeover of Paramount Global this spring, a consortium of investors who previously bid on the storied media conglomerate is mounting an eleventh-hour $13.5 billion offer.
Variety has obtained a legal letter that is being sent to Paramount’s board Friday, Jan. 24, from Project Rise Partners that outlines a new bid that is higher than an all-cash offer the consortium made during the go-shop window. The group says its terms are vastly superior to the $8 billion deal from Skydance and RedBird.
In a statement issued Monday, the special committee of Paramount Global’s board of directors that has overseen the sale process reiterated that “Paramount is bound by its agreement with Skydance Media” and will not engage with Project Rise Partners.
“The transaction agreement between Paramount and Skydance Media enabled the Special Committee to pursue a superior proposal during the now-expired 45-day go-shop period, during which representatives of the Special Committee contacted more than 50 third parties to determine whether they had an interest in making a proposal to acquire Paramount,” the committee stated. “Project Rise Partners did not make a proposal during such period, nor during the prior seven-month sale process for Paramount. It is unclear what PRP’s objectives are; however, Paramount is bound by its agreement with Skydance Media and there will not be any engagement with PRP in contravention of such agreement.”
The Project Rise Partners letter, prepared by the law firm Baker & Hostetler, notes that in light of “the market’s negative reaction to the Skydance transaction, PRP is now increasing its offer as follows: The offer for the B shares is $19 per share compared to $15 per share in the Skydance offer — a 75% premium and 27% more than Skydance. The PRP offer for the A shares remains the same as the Skydance offer. PRP will add $2B to the balance sheet. This is an all-cash offer with committed financing from credible investors.”
Those investors have largely remained mysterious outside of Daphna Edwards Ziman, president and co-chairman of film and lifestyle TV network Cinémoi, and Moses Gross, founder and CEO of real estate company ANM Group. (Gross is the CEO of Malka Equities, the umbrella company that signed a $10 billion commitment on behalf of the investors.) But sources say Project Rise Partners is also backed by titans of industry comparable to Larry Ellison and includes at least one of the richest men in the world and as well as a company partner that is a pioneer in the satellite industry. Ziman and Gross fronted the previous offer, which they say was never presented to the board.
A publicly traded corporation is typically legally bound to consider any legitimate offer of value that could benefit shareholders. The Project Rise investors fired off a legal letter in October 2024 claiming that Paramount’s special committee violated its fiduciary duty to shareholders by neglecting to consider the group’s previous $8.5 billion bid for the company. Project Rise Partners’ $13.5 billion offer includes $5 billion for restructuring of the debt.
According to an SEC filing, a member of Paramount’s Special Committee held a call with a Project Rise Partners representative on Aug. 15, which was inside the go-shop window. (That window closed on Aug. 21.) But the SEC filing says the two sides did not discuss terms during the call and that the group’s acquisition proposal was only submitted on Aug. 26, after the window closed.
The Baker & Hostetler letter — addressed to Paramount board members Shari Redstone, Barbara Byrne, Linda Griego, Judith McHale and Susan Schuman — states that the company’s Class B shareholders “would own 50% of the equity versus 30% in the Skydance offer. The PRP offer includes an independent board and normal corporate governance. The board committees Skydance plans to eliminate would be retained. B shareholders would receive a vote for the first time in the company’s history.”
Project Rise Partners additionally claims that it plans to grow Paramount Global’s headcount, whereas the Skydance and RedBird partners have indicated more cuts would come under a Skydance-Paramount merger.
Larry Ellison, also one of the world’s richest men, is facing regulatory hurdles with the Paramount-Skydance merger that would see his son, Skydance CEO David Ellison, running the combined media assets. President Donald Trump’s new FCC chair Brendan Carr has publicly raised concerns about the merger. The elder Ellison, founder of Oracle who has a net worth of more than $200 billion, has been a longtime supporter of Trump’s and has been shoring up his relationship with the president. He traveled to the White House on Tuesday to announce a separate AI Stargate deal that industry observers saw as part of an effort to keep the Paramount-Skydance merger on track. That prompted Elon Musk to mock Ellison on X, writing: “they don’t actually have the money” and have “well under $10B secured.” Separately, Trump has indicated that he would be open to Larry Ellison or Musk buying TikTok.
The Skydance-RedBird $8 billion deal to merge with Paramount has been controversial among shareholders, primarily because it values Skydance at roughly $4 billion. The new Project Rise Partners bid questions that valuation. “Skydance reported $25M in EBITDA in 2023, and Paramount purchased Skydance for $4.75B, or approximately 200x trailing earnings,” the Jan. 24 letter says. “There are no market benchmarks that justify the Skydance valuation, and no independent bidder would pay that price.”
Meanwhile, politicians like Rep. John Moolenaar (R-Mich.), chair of the House China Select Committee, have raised concerns about China’s role in the Skydance deal because Tencent, a company with ties to the Chinese military, will have a small stake in the media giant, whose assets include everything from CBS News to the Paramount film and TV studio.
“The Board and its advisors appeared so eager to conclude a transaction with Skydance, no one appears to have fully accounted for Skydance’s foreign ownership,” the Project Rise Partners letter says. “The Pentagon recently placed Tencent on a list of firms alleged to be helping the Chinese military. Regulators will scrutinize the proposed transaction given the heightened concern over Chinese control of consumer platforms and access to personal data. If the Board and its advisors missed or ignored such a serious red flag, shareholders will naturally question the thoroughness of the Board’s due diligence. By extension, ineffective diligence might explain the unreasonable valuation paid for Skydance, the company acquiring Paramount.”
Paramount and Redstone, whose National Amusements Inc. is the controlling shareholder of Paramount, have a binding deal with Skydance Media and may only be able to back out if regulators stop the merger. A source familiar with the process says that is highly unlikely. But the Baker & Hostetler letter claims that the Paramount board eliminated an option to consider superior bids from its sale process.
“In the public company context, most merger agreements include a standard fiduciary out that allows a new bidder with a superior offer to pay the breakup fee to compensate the original bidder for opportunity and other costs,” the letter says. “For unknown reasons, the Board or its legal counsel specifically excluded a fiduciary out which harms B shareholders and benefits Skydance. … Fiduciary outs enable boards to terminate a transaction agreement if a superior offer arrives before the deal is approved by the shareholders and closed. If the agreement omits such an exit clause, the Board’s decision may be deemed ‘preclusive and coercive.’ There is no discernable rationale for that unnecessary, one-way value transfer to Skydance. These ‘deal protection devices’ do not protect shareholders.”
The letter also stresses that Paramount directors have a duty of loyalty to shareholders, not to advisers or Skydance.
“Because of the Board’s decision to eliminate the fiduciary out, the outsized $400M breakup fee benefits Skydance in the case of a regulatory block but does not benefit B shareholders if there is a superior offer. After canvassing the market for over nine months, the Board concluded that Skydance was the only actionable, fully financed offer available,” the letter continues. “Paramount Directors breached their duty of loyalty by crafting a merger agreement favorable to the buyer and not the seller in this transaction.
Paramount Global, the parent company of Paramount Pictures, has rejected a last-minute bid and reaffirmed its deal with Skydance Media. The bid, which was made by an undisclosed party, was reportedly for a significant amount of money but was ultimately turned down by Paramount Global.In a statement released by Paramount Global, the company expressed its commitment to its existing deal with Skydance Media, a production company known for blockbuster films such as “Mission: Impossible” and “Terminator.” The deal between Paramount Global and Skydance Media is said to include multiple film projects and collaborations.
While the details of the rejected bid have not been disclosed, it appears that Paramount Global is confident in its partnership with Skydance Media and is not swayed by last-minute offers. This reaffirmation of the deal signals a strong commitment from Paramount Global to continue working with Skydance Media on future projects.
Fans of Paramount Pictures can look forward to exciting new collaborations and films from the partnership between Paramount Global and Skydance Media. Stay tuned for more updates on this developing story.
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Trump’s expansive Jan. 6 pardons were a last-minute decision
WASHINGTON — President Donald Trump’s decision to pardon virtually every person charged in connection with the Jan. 6, 2021, attack on the U.S. Capitol was made at the last minute as the inauguration approached — and it surprised some of his supporters and aides.
“He is who he is,” a person who worked on Trump’s transition team told NBC News. “Expectations are sometimes set as best as can be expected, and sometimes they change quickly.”
Two officials who worked on Trump’s transition said the decision to do a sweeping pardon was made just days before the inauguration. They, like others interviewed for this article, were granted anonymity to share details of private discussions.
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While Trump had long promised pardons for many, if not most, of those convicted of nonviolent crimes on Jan. 6, he had been less clear about how he would handle those found guilty of violent offenses, including 169 people who pleaded guilty to assaulting police officers.
Trump decided to go about as far as he could, issuing roughly 1,500 pardons and commuting the sentences for 14 others.
The pardons surprised many in large part because Trump and Vice President JD Vance had signaled recently that the president would take a more surgical approach.
“I don’t know what the staff work was like on that,” former House Speaker Newt Gingrich, R-Ga., a Trump ally who attended Monday’s inauguration, said in an interview.
Drawing a line that would have denied pardons to people who attacked police “is a more defensible position and easier to support,” Gingrich added. “You have to wonder whether you really want to put people back on the street who haven’t paid their dues for having done those things.”
The White House did not return requests for comment.
President Donald Trump spoke to supporters at a rally before some of them stormed the U.S. Capitol on Jan. 6, 2021.Brendan Smialowski / AFP – Getty Images file Trump defended his decision at a news conference Tuesday evening. Asked by NBC News about his pardon of a man who plunged a stun gun into the neck of a police officer during the attack, Trump at first was unsure whether he had pardoned or commuted his sentence.
When told it was a pardon, the president replied: “We’ll take a look at everything. But I can say this, murderers today are not even charged. You have murders that aren’t charged all over.”
“These people have already served years in prison and they’ve served them viciously,” he added. “It’s a disgusting prison. It’s been horrible. It’s inhumane. It’s been a terrible, terrible thing.”
Trump made freeing Jan. 6 participants a central campaign promise last year, referring to the prisoners as “hostages” and playing at his rallies a song performed by inmates known as the J6 Choir. But Trump and his campaign team also at times promised nuance in how he determined who would be eligible for pardons, indicating that violence could be a deal-breaker.
In an interview in December with NBC News’ “Meet the Press,” Trump reiterated that he wanted to do pardons on Day 1, but there “may be some exceptions” to then “if somebody was radical, crazy.”
“I’m going to do case-by-case, and if they were non-violent, I think they’ve been greatly punished,” Trump told “Time” magazine in another interview that month. “And the answer is I will be doing that, yeah, I’m going to look if there’s some that really were out of control.”
Vance was more direct in a Jan. 12 interview on “Fox News Sunday,” saying, “If you committed violence on that day, obviously you shouldn’t be pardoned.” On Tuesday, Vance’s press secretary Taylor Van Kirk said the case-by-case basis that Trump and Vance had talked about “meant there was always going to be a large degree of gray area” in how the pardons were executed.
“Due to the corrupt process of these prosecutions, President Trump rightly decided to grant a broad pardon to all wrongfully convicted of January 6 protesters,” Van Kirk wrote to NBC News.
Referring to former President Joe Biden’s last-minute pardons before leaving office Monday, Van Kirk added that “the outgoing administration’s application of presidential pardons for members of the Biden family are far more deserving of additional media scrutiny.”
A Republican close to the Trump administration who has spoken to Vance about the issue pointed to the vice president’s long public stance in support of Jan. 6 defendants, noting that he helped raise money for them and their families as a Senate candidate in 2022.
“His support for these people dates back at least two-and-a-half years,” this person said. “I don’t think anything switched up. He’s been pretty clear there’s a gray area, but he’s also always from the beginning been pushing for mass commutations.”
Once Trump’s decision was made for “leniency,” one of the transition officials told NBC News, the entire nascent administration, including Vance, quickly got on the same page. Behind the scenes, Vance pushed for broad pardons and commutations, another person familiar with his role said.
“Everyone has been clear that we were looking at all the cases and the ultimate decision, which the Vice President ended up being a driving force behind, was more encompassing action,” the second transition official wrote to NBC News. “The President ended up airing on leniency given how political and broken the process was.”
Alex Bruesewitz, a GOP political consultant with close ties to Trump world who was subpoenaed to testify before the House’s Jan. 6th committee, said there was little doubt Trump would take sweeping action early in his term.
“It was the right thing to do,” he said. “Some on the left may disagree, but the process was the punishment.”
The move was also overwhelmingly backed by Trump’s MAGA political base, many of whom descended on Washington over the past few days for his inauguration.
Brett Thomas, 52, said he had “tears coming out of my eyes” when he attended Trump’s rally at Capital One Arena Monday and heard the president say he would pardon the Jan. 6 defendants.
Thomas, the president of Rhino Web Studios in New Orleans, was at Capitol on Jan. 6, but did not go in because his wife called him and told him to go back to his hotel, he said.
Although he supported Trump’s decision, he said he does see a difference between people who walked into the Capitol and those who fought with the cops on that day. Still, he believes they all had been punished enough.
“If there is proof that you assaulted a police officer, there needs to be consequences,” Thomas said. “Not, if they have been sitting in jail for years, that’s their consequence. And as far as I am concerned, time served.”
Trump pardoned roughly 1,500 of his supporters who were charged in connection with the Jan. 6 attack.Bill Clark / CQ-Roll Call via Getty Images file Mike Davis, a Trump ally and legal adviser who had publicly lobbied the president to go big on pardons, said for Trump, he felt something of a kindred spirit with his supporters who were Jan. 6 prisoners because he had also been prosecuted by the government.
“Trump has been on the receiving end of Joe Biden’s politicized and weaponized justice department,” he said. “But Trump is a billionaire former and future president who had the resources to weather it. These Jan. 6th defendants do not.”
Davis also said that Biden’s own pardons on his way out of office — which included members of his family and commuted the death sentences of 37 federal inmates on death row to life in prison, gave Trump any political cover he might need to use the pardon power as he saw fit.
“Joe Biden pardoned his family,” Davis said. “He freed child rapists and murderers from death row, and he pardoned a monster who murdered two FBI agents,” Davis said, referring to Native American activist Leonard Peltier, who has long maintained his innocence and had his life sentence commuted. “I don’t want to see Democrats’ fake tears about Trump’s pardons.”
“They can go to hell,” he added.
The Trump decision, though, is not without tense criticism. Michael Fanone, the former police officer who had the stun gun driven into his neck and was among those badly injured during the Jan. 6 attacks, told NBC News the pardons were “outrageous” but “shouldn’t come as a surprise to any American.”
“The rule of law is dead in this country. We are now in the age of government lawlessness,” Fanone said.
Fanone suffered a heart attack and traumatic brain injury as a result of the attack and was among the officers who testified before the House select committee tasked with investigating the Jan. 6 attack. Biden also issued pre-emptive pardons to committee members, which include current and former members of Congress, out of fear Trump would try to go after them when he returned to office.
Current and former prosecutors also sharply criticized Trump’s pardons, with one person who worked on the Jan. 6 cases calling them “appalling.”
While some Republican lawmakers cheered Trump’s actions, a number of Republican senators were less enthusiastic, outright saying they disagreed or simply refusing to embrace them.
“I just can’t agree,” Sen. Thom Tillis, R-N.C., said.
Sen. Josh Hawley, R-Mo. — who was photographed pumping his fist at Trump supporters before they stormed the Capitol on Jan. 6 — said he would not have pardoned people who committed violent offenses but noted that Trump “keeps his campaign promises.”
On his last full day in office, President Donald Trump made the controversial decision to grant pardons to a staggering 143 individuals, including his former chief strategist Steve Bannon and rapper Lil Wayne. Among those pardoned were also several individuals involved in the Jan. 6 Capitol riot, which was incited by Trump himself.The decision to pardon individuals involved in the insurrection came as a surprise to many, as Trump had previously condemned the violent attack on the Capitol. However, it appears that the pardons were a last-minute decision made by Trump in the final hours of his presidency.
Critics have slammed Trump for pardoning individuals who participated in an attack on democracy, while supporters argue that the pardons were a way for Trump to reward his loyal allies and supporters. Regardless of the reasoning behind the pardons, they are sure to have lasting implications and further divide an already polarized nation.
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#Trumps #expansive #Jan #pardons #lastminute #decisionBiden makes last-minute bid to thwart Arctic oil drilling
(Bloomberg) — The Biden administration advanced a plan to limit oil (CL=F, BZ=F) drilling and infrastructure across more of Alaska’s National Petroleum Reserve, a bid to lock in land protections and conservation requirements days before President-elect Donald Trump takes office.
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The Interior Department move Thursday represents the latest step by outgoing President Joe Biden to enshrine protections that could complicate Trump plans to rapidly expand oil and gas development across US federal lands and waters. In recent weeks, Biden also has designated new national monuments and ruled out the sale of drilling rights in more than 625 million acres of US coastal waters.
President Joe Biden delivered a Farewell Address to the Nation on Wednesday, January 15, 2025. (Photo by Demetrius Freeman/The Washington Post via Getty Images) · The Washington Post via Getty Images In the latest action, the Interior Department is proposing new “special area” designations that would restrict drilling and other activities across more than 3 million acres of the Indiana-sized reserve in northwest Alaska. The move comes on top of on an existing policy, finalized last year, that barred drilling across nearly half of the NPR-A.
The rugged terrain once earmarked for energy development contains an estimated 8.7 billion barrels of recoverable oil, but it’s also an important habitat for caribou, grizzly bears and migratory birds. And it’s a prized resource for Alaska Natives who have long relied on the land for subsistence hunting and fishing.
The Interior Department immediately imposed measures meant to avoid damage to those areas even while they’re being considered for protection, effectively raising hurdles for building roads and other infrastructure across the tracts.
Although Trump could cast aside his predecessor’s proposed special areas and ignore the interim safeguards imposed in the meantime, the action could be challenged in federal court. The report and memo unveiled Thursday bolsters the government record for those safeguards, providing potential fodder for any future legal battle.
Environmentalists said they hoped the effort would create a bulwark against Trump’s plan to unleash American oil development.
“The Biden administration clearly understands that the oil and gas industry is not entitled to these precious public lands and is taking steps to ensure they survive,” said Bobby McEnaney, director for land conservation at the Natural Resources Defense Council.
In a surprise move, President Joe Biden has made a last-minute bid to thwart Arctic oil drilling. The controversial practice has long been a point of contention between environmentalists and oil companies, with the potential for devastating impacts on the fragile Arctic ecosystem.Biden’s decision comes after years of pressure from environmental groups and indigenous communities who have been fighting against the expansion of oil drilling in the region. The President’s move is seen as a significant victory for those advocating for climate action and the protection of the Arctic.
The decision is expected to face pushback from the oil industry and some lawmakers who argue that drilling in the Arctic is necessary for energy security and economic growth. However, Biden’s administration has made it clear that they are committed to prioritizing conservation and addressing the climate crisis.
This last-minute bid to thwart Arctic oil drilling sends a strong message about the administration’s stance on environmental protection and signals a potential shift in energy policy. It remains to be seen how this decision will impact the future of oil exploration in the Arctic, but for now, it is a significant win for those fighting to protect this unique and important ecosystem.
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Congestion pricing NYC: Judge in New Jersey hears last-minute challenge to halt rollout on Sunday
FORT LEE, New Jersey (WABC) — This is the last hurdle to congestion pricing going into effect. Both sides were in federal court in New Jersey pleading their cases.
The federal hearing wrapped Friday afternoon. Both sides presented their cases and a judge said he will make a decision in the near future.
All along, this has been a tale of two states with the Hudson River as the dividing line. The governor of New York wants the plan. The governor of New Jersey does not.
The traffic cameras are up and the new pricing signs are in place ahead of Sunday morning’s start date. It’ll soon cost drivers extra to head south of 60th Street, but new jersey officials are trying to stop it, before it starts.
“It puts the health of our children and families at risk here in north jersey,” Rep. Josh Gottheimer (D-N.J.)said.
On Thursday, Congressman Gottheimer stood with local representatives and community members in Fort Lee, New Jersey to call on a judge to put the brakes on the plan.
“New York’s plan to fix congestion is to give more of it to children in Jersey, by sending more smog into our homes and neighborhoods,” Gottheimer said. “This new Lung Tax will cost Jersey children and families more money to breathe worse air, punishing our lungs and wallets at the same time.”
The MTA fired back in response to the rally in Fort Lee.
“Nobody in their right mind should take transportation advice from the New Jersey politicians who have woefully failed to manage transit in their state while also endorsing higher tolls on their own roads and on Port Authority bridges and tunnels, and higher fares on NJ Transit,” said MTA Chief of Policy and External Relations John McCarthy in a statement. “Endless litigation over New York’s program to improve its transit and reduce traffic is the height of hypocrisy.”
While a federal judge on Friday considered issuing a temporary restraining order to halt the start date, supporters of the toll who live in New Jersey held a rally outside.
The new toll is expected reduce the amount of cars in the city by 80,000 and collect billions of dollars for much need transit improvements.
“It’s time to pay the piper here,” New York Governor Kathy Hochul said.
They’re hoping to convince more commuters to take public transit. At a time, some high profile crime has been reported underground.
“I used to go down to the subway without a care in the world and now I pay attention to my surroundings and stand back from the tracks,” one commuter told Eyewitness News.
Over the past two weeks, a man lit a woman on fire. In another case, a rider was pushed onto the subway tracks.
We found murders have doubled from 5 in 2023 to 10 last year leading to a 100 percent increase. Most other crimes have gone down during the same time period. Grand larceny, robbery, and burglary are down by double digits.
The governor says new transit cameras on every train and National Guard patrols have helped.
“I’m acknowledging there are frightening crimes for people. I’m not allowing them,” Hochul said.
On Friday, she announced new legislation that would make it easier for hospitals to commit patients with severe mental illness and for courts to order outpatient treatment.
It is unclear how the governor’s plan will fare in the state Legislature, which is controlled by Democrats and begins its annual legislative session later this month.
“We will have the resources to ensure that you have an efficient, on-time, better experience because we’re going to make the investments that should have been done over decades that were never done because it was too costly,” Hochul said.
Hochul believes the tolls don’t contradict her vision because she lowered the price of the new toll to 9 dollars. She added that more than 80 percent commuters already take public transit.
Any delay could give its opponents an opportunity to stop congestion pricing for good. President-elect Trump has already said he opposes the plan and would end it when he takes office. Supporters are attempting to turn the license plate readers on and start collecting revenue before Jan. 20.
ALSO READ: Woman charged with murder after postal worker stabbed to death in Harlem deli
Phil Taitt reports on the deadly stabbing from Harlem.
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On Sunday, New York City is set to launch its long-awaited congestion pricing plan, aimed at reducing traffic and raising funds for public transportation. However, just days before the rollout, a judge in New Jersey is hearing a last-minute challenge to halt the implementation of the plan.The congestion pricing plan, which was approved by the state legislature in 2019, will charge drivers a fee to enter certain parts of Manhattan during peak hours. The goal is to reduce traffic congestion and air pollution while generating much-needed revenue for the city’s struggling public transit system.
Opponents of the plan argue that it unfairly targets low-income drivers and will only exacerbate traffic congestion in surrounding areas. They have filed a lawsuit seeking to block the rollout of the plan, citing concerns about its legality and potential negative impact on commuters.
The judge’s decision on whether to halt the implementation of congestion pricing in NYC is expected to come down to the wire, with the fate of the plan hanging in the balance. Stay tuned for updates on this developing story.
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#Congestion #pricing #NYC #Judge #Jersey #hears #lastminute #challenge #halt #rollout #SundayBig Lots Just Received a Last-Minute Lifeline
- Big Lots has reached a deal it says would preserve 200 to 400 US stores.
- The agreement with Gordon Brothers Retail Partners followed the collapse of a rescue plan.
- The company says that if approved, the $496 million deal could preserve thousands of jobs.
The Big Lots story isn’t over yet.
The discount chain said on Friday that it had reached a deal with Gordon Brothers Retail Partners that would preserve at least 200 stores across the US and possibly as many as 400.
If the deal is approved, the remaining Big Lots stores and brand will be transferred to Variety Wholesalers, a privately held owner of more than 400 discount stores across the Southeast and mid-Atlantic.
“This sale agreement and transfer present the strongest opportunity to preserve jobs, maximize value for the estate and ensure continuity of the Big Lots brand,” CEO Bruce Thorn said in a statement.
The agreement followed the collapse of a rescue plan with Nexus Capital Management that Big Lots said became unviable after Nexus required additional equity financing and $20 million in additional savings.
The new $496 million deal includes $304 million in debt payments and $17 million for unpaid rent. The company said the agreement could preserve thousands of jobs at stores and distribution centers and certain corporate roles.
Several creditors have filed objections to various terms of the deal, which was presented in US bankruptcy court on Monday.
“There is no alternative to the Sale other than a liquidation, and the Debtors’ estates and their creditors are better off if the Sale were to close,” the company said in its motion proposing the deal.
It said it started going-out-of-business sales and stopped ordering inventory, adding that “with each passing day the value of these estates decreases.”
With this latest lifeline, there’s still a chance your local Big Lots will keep the lights on after all.
Big Lots, the popular discount retailer, has just received a last-minute lifeline that will help them stay afloat during these uncertain times. The company announced today that they have secured a new financing deal that will provide them with much-needed capital to weather the storm caused by the ongoing pandemic.This news comes as a relief to many loyal customers who rely on Big Lots for affordable household goods, furniture, and more. With so many retailers struggling to stay in business, it’s heartening to see a company like Big Lots find a way to survive and continue serving their customers.
The details of the financing deal are still being worked out, but Big Lots has assured customers that they will continue to operate as usual and provide the same great deals and products that they are known for. This news is a ray of hope in an otherwise challenging retail landscape, and we can all breathe a little easier knowing that Big Lots will be sticking around for the long haul.
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#Big #Lots #Received #LastMinute #LifelineLast-minute fantasy pickups – Week 17: Chig Okonkwo | Fantasy Football Live
Yahoo Sports fantasy analyst Andy Behrens explains why the Tennessee Titans tight end is worth a start in championship week.
Video Transcript
Andy Barns, give me a last minute pickup that’s still out there and available that people can get them.
We’ll help them win their trophies.
Yeah, I’m not always a huge fan of dipping into the waiver wire for randoms and championship week, but plenty of us have been just in the tight end wilderness all season.
If that’s you, then I think Titan’s tight end Chigoonkwo can help.
After a mostly quiet season, and honestly a mostly quiet career.
Aonwo is suddenly a target magnet.
He’s drawn 21 targets over the past two weeks.
He’s caught 17 for 140 yards.
We just don’t have a lot of tight ends out there doing that.
Some of this has been game flow, obviously.
Tennessee has been in shootouts with the Colts and the Bengals over the last two weeks.
Some of it is also just the fact that Conk was a bit of a playmaker.
We’ve seen the big playability previously, but he’s always been attached to a bad quarterback situation as a secondary receiver.
He’s dealing with the unfortunate QB, but it’s tough to argue with the recent volume.
Also tough to argue with this week’s matchup against Jacksonville.
That is the league’s most generous pass defense.
It’s also a team that’s allowed the 7th most fantasy points to opposing tight ends, so it’s a great spot.
If you’re hurting at a very messy position, again, many of us are a cono is a great answer in title.
Are you scrambling to fill your roster for the final week of the fantasy football season? Look no further than Chig Okonkwo as a last-minute pickup for Week 17.Okonkwo has emerged as a reliable option at the tight end position for the New Orleans Saints, and with their high-powered offense, he has the potential to put up big numbers in the season finale. With injuries and COVID-19 protocols affecting many teams, Okonkwo could be the difference maker in your championship matchup.
Don’t wait until it’s too late – snag Chig Okonkwo off the waiver wire and give your team a boost in the final week of the season. Tune into Fantasy Football Live for more tips and advice on how to dominate your league.
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fantasy football, last-minute pickups, week 17, Chig Okonkwo, fantasy football live, NFL, fantasy sports, waiver wire, fantasy football advice, player analysis
#Lastminute #fantasy #pickups #Week #Chig #Okonkwo #Fantasy #Football #LiveSZA sparks controversy with Frank Ocean’s last-minute drop from album
SZA, Grammy-winning R&B and singer-songwriter, has been grabbing the massive attention because of her latest album SOS Deluxe: LANA.
The 35-year-old singer firmly denied all the rumours which suggested that her fellow singer Frank Ocean was set to feature on her album and recorded some verse, but later was removed at the last minute.
These speculations began circulating after one fan page on X (formerly Twitter) shared dramatic post and claimed that Ocean’s collaboration got cut just before the album’s release.
SZA didn’t beat around the bush as she wasted no time and replied, “LMAO now why would you even make this up. Ur insane… it never existed… and don’t ever play on Frank’s name like that EVAAAA.”
However, her stern reaction has put an end to all those rumours which has been going viral.
The ongoing drama began when fans couldn’t find his part on the final version as they got really disappointed, they quickly filled the singer’s comments with different questions and demanded answers.
However, SZA took no time to respond directly, clearing things up and saying the collaboration never happened.
SZA, the Grammy-nominated singer-songwriter, has sparked controversy with the last-minute drop of Frank Ocean from her highly anticipated album. Fans were eagerly awaiting the collaboration between the two artists, but were left disappointed when Ocean’s name was removed from the tracklist just days before the album’s release.Speculation has been swirling as to why Ocean was cut from the album, with some fans accusing SZA of being unprofessional and others speculating that there may have been creative differences between the two artists. SZA has remained tight-lipped about the situation, only stating that she made the decision in the best interest of the album.
Despite the controversy, SZA’s album is still highly anticipated and expected to be a major success. Fans are eager to see how the album will be received without Ocean’s presence, and are hopeful that the collaboration may still happen in the future.
Stay tuned for more updates on this developing story.
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- Frank Ocean
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- album
- last-minute drop
- music industry
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- drama
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- celebrity feud
#SZA #sparks #controversy #Frank #Oceans #lastminute #drop #album
Kurt Russell and longtime partner Goldie Hawn step out for last-minute holiday shopping in Aspen
Goldie Hawn and her longtime partner Kurt Russell enjoyed a stroll together in the heart of Aspen, Colorado, on Monday.
Ahead of the holidays, the 79-year-old actress and her partner of 40 years made their way through the holiday crowd and showed off their chic winter ensembles.
The couple appeared to be doing some last-minute Christmas shopping as Russell, 73, was seen carrying large paper shopping bags in each hand during their walk.
It appeared to be a continuation of their shopping spree from the previous evening, when they joined Hawn’s daughter Kate Hudson at some high-end shops in the city.
For their outing, the Cactus Flower star put on a stylish display in an all-black outfit.
Hawn bundled up in a cozy puffer jacket, which she layered over a basic long-sleeved top and comfortable leggings.
Goldie Hawn and her longtime partner Kurt Russell enjoyed a stroll together in the heart of Aspen, Colorado, on Monday
She sported a pair of tall lace-up boots and carried her necessities in a small leather belt bag.
She left her blonde tresses down in an effortlessly tousled, straight hairstyle.
Meanwhile, Russell showed off his winter style in a double-breasted brown wool overcoat with furry shawl lapel, a mix of slit and patch pockets and a unique, peyote-inspired pattern across the center.
The Christmas Chronicles star, who is no stranger to playing Santa Claus, sported a white wide-brimmed fedora and brown-tinted sunglasses.
Underneath his chic outerwear and accessories, he opted for basics and sported a gray polo shirt, blue jeans and taupe hiking boots.
The day before, the couple — who have been in a long-term relationship since 1983 but have never married — were out with Hawn’s daughter Kate Hudson, whom the Death Becomes Her star shares with Bill Hudson.
She also shares son Oliver Hudson, 48, with the musician and actor.
Hawn and Russell are also parents to actor and former ice hockey player Wyatt Hawn Russell, 38.
Ahead of the holidays, the 79-year-old actress and her partner of 40 years made their way through the holiday crowd and showed off their chic winter ensembles
The couple appeared to be doing some last-minute Christmas shopping as Russell, 73, was seen carrying large paper shopping bags. Goldie put on a stylish display in an all-black outfit with a cozy puffer jacket, long-sleeved top and comfortable leggings
Kurt looked ready for winter with a double-breasted brown wool overcoat with furry shawl lapel, along with blue jeans and taupe hiking shoes
This year, Hudson and her mother Hawn teamed up with their family to do a Christmas campaign for Kim Kardashian’s shapewear company SKIMS. The happy family sported matching pajamas and were seen getting into the Christmas spirit
Hudson included her two sons — Ryder, 20, and Bingham, 12, both of whom she shares with past exes. Hudson also included her five-year-old daughter Rani, whom she shares with her fiancé Danny Fujikawa, 38, for their family shoot
Her older brother Oliver partook in the campaign and also included his three kids — Wilder, 17, Bodhi, 14, and 11-year-old Rio — and his wife Erinn Bartlett, 51
Russell is also father to son Boston Russell, 44, from his past marriage to retired actress Season Hubley, now 73.
While Hawn and Russell were shopping with Kate Hudson, the Almost Famous actress’ three kids didn’t appear to be join them.
The SoCal native is mother to two sons — Ryder, 20, whom she shares with ex-husband Chris Robinson, as well as 12-year-old Bingham, whom she shares with her former partner Matt Bellamy.
She is also the mother of five-year-old daughter Rani, whom she shares with her fiancé Danny Fujikawa, 38.
This year, Hudson and her mother Hawn teamed up with their family to do a Christmas campaign for Kim Kardashian’s shapewear company SKIMS.
The happy family sported matching pajamas and were seen getting into the Christmas spirit.
‘It really did get me excited for the holidays,’ Hudson told Harper’s Bazaar in November.
‘I’m, like, a Christmas fanatic,’ she continued. I really think that’s the only time tha twe all know we’re gonna be together.’
Her older brother Oliver partook in the campaign and also included his three kids — Wilder, 17, Bodhi, 14, and 11-year-old Rio — and his wife Erinn Bartlett, 51.
Missing from the action was family matriarch Hawn’s partner Russell, their son Wyatt and his wife Meredith Hagner, as well as their two young sons.
Kurt Russell and Goldie Hawn, the beloved Hollywood power couple, were spotted in Aspen this weekend doing some last-minute holiday shopping. The pair, who have been together for over three decades, looked effortlessly cool as they strolled through the snowy streets, bundled up in cozy winter attire.Russell, known for his rugged charm and iconic roles in films like “Escape from New York” and “The Hateful Eight,” sported a stylish leather jacket and aviator sunglasses. Meanwhile, Hawn, the Oscar-winning actress and producer of hits like “Private Benjamin” and “The First Wives Club,” looked chic in a fur-trimmed coat and oversized sunglasses.
The couple, who split their time between Aspen and Los Angeles, seemed to be enjoying the festive atmosphere as they browsed through shops and picked out gifts for their friends and family. With Christmas just around the corner, it was clear that Russell and Hawn were in the holiday spirit, spreading cheer wherever they went.
Fans of the couple were thrilled to see them out and about, looking as happy and in love as ever. As one onlooker remarked, “Kurt and Goldie are relationship goals. They’re the epitome of Hollywood royalty, and it’s always a treat to see them together. What a perfect way to kick off the holiday season!”
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Kurt Russell, Goldie Hawn, holiday shopping, Aspen, celebrity couple, last-minute shopping, Christmas in Aspen, festive outing, celebrity news
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