Reported 12 months ago
Paramount Global's shares are surging as reports indicate Skydance's preliminary agreement to acquire National Amusements, the controlling stakeholder of Paramount. Analyst Geetha Ranganathan explains that the deal favors Shari Redstone and could attract lawsuits, but features stronger indemnification language this time. The long negotiation and potential asset devaluation have pressured Redstone to resume talks, despite Paramount facing challenges in merging with Skydance in the past six months. This renewed deal signifies a pivotal development in the media industry's M&A landscape, prompting optimism for more significant deals to come amidst traditional media's decline.
Source: YAHOO