Reported 6 months ago
Skydance Media is waiting for a response to their improved bid to purchase almost half of Paramount Global's nonvoting shares at $15 each, potentially leading to a merger. This revised deal includes a tender offer for about 40% of Paramount's nonvoting B class shares, with class A shareholders possibly receiving $23 per share and a stake in the new merged company, combining Paramount with Skydance. The deal could also involve Skydance acquiring National Amusements, giving them voting control over Paramount. Sony Pictures Entertainment had also expressed interest with a nonbinding cash offer of $26 billion.
Source: YAHOO