Paramount Global's newly appointed co-CEOs are expected to discuss their vision for the media conglomerate with shareholders on Tuesday, even as the...
- Paramount Global 's newly appointed co-CEOs are expected to discuss their vision for the media conglomerate with shareholders on Tuesday, even as the company's controlling shareholder evaluates merging the company with Skydance Media .
Under the terms of the latest offer from Skydance, Paramount would acquire the independent studio in an all-stock transaction valued at $4.75 billion, according to one person familiar with the negotiations. Skydance and its deal partners, RedBird Capital and KKR, would infuse Paramount with at least $1.5 billion in fresh capital to be used to pay down debt, and offer to purchase 40% of Paramount's nonvoting class B stock at $15 a share, the source said.
National Amusements has said it is reviewing terms of the Skydance offer, as well as two other bids for the privately held movie theater operator. As of Monday night, Redstone had not reached a decision, according to a source familiar with the matter.
"We need some assistance right here about five rows back," the *NSYNC star said in a clip shared on social media
Shari Redstone Skydance Media Paramount Global Apollo Global Management Controlling Shareholder National Amusements Paramount Media Conglomerate President And CEO
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