Reported 4 months ago
Film producer David Ellison is offering Paramount Global shareholders a $15 a share cash payout to cash out a portion of their stock, representing a 26% premium to Friday's closing price. The offer, covering 40% of the shares, aims to facilitate Ellison's takeover of the film and TV giant through a multi-step process involving merging his company, Skydance, with Paramount. The deal, valuing Skydance at $4.75 billion, also includes additional investments from Ellison's partners, such as RedBird Capital Partners and KKR & Co., as well as debt repayment to sweeten the offer.
Source: YAHOO