Reported 4 months ago
Skydance Media plans to offer $23 a share to investors in Paramount Global’s voting stock as part of its plan to merge with the film and TV giant. The bid, excluding the Redstone family members who own most of the voting stock, is part of negotiations to merge with Paramount, which also involve acquiring National Amusements Inc. and investing billions into the company. National Amusements is currently reviewing the financial terms of Skydance’s proposal, and Paramount's chair, Shari Redstone, is expected to discuss the offer at the annual meeting.
Source: YAHOO