Indonesian telcos conduct mega-merger talks


by TelecomTV

TelecomTV— Axiata and Sinar Mas are reportedly in talks to combine their respective telecom operations in Indonesia A union of XL Axiata and Smartfren would be valued at

Adweek—In Paramount’s Upfront Talks, Mergers Are More of a ‘Background Topic’. Buyers are looking to discuss several upfront priorities with Paramount, but mergers aren't what's "top of mind," according to ad sales chief John Halley. Last week, CEO Bob Bakish exited Paramount amid ongoing merger talks with Skydance Media. Meanwhile, Sony and Apollo also reportedly made a $26 billion cash offer to buy the company. However, despite all that noise, Halley, president of Paramount Advertising, recently told ADWEEK that those developments aren't affecting buyer negotiations. ...

Honolulu Star-Advertiser—Paramount CEO Bob Bakish resigns amid merger talks. Paramount Global CEO Bob Bakish is stepping down and will be replaced by three executives, the company said today as it reported quarterly earnings that beat Wall Street expectations.

CNBC—Paramount CEO Bob Bakish could be out as soon as Monday as Skydance merger talks continue. Paramount Global reports its quarterly earnings Monday.