(Bloomberg) — 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, according to people with knowledge of the matter. Most Read from Bloomberg The bid would be made to investors other than members of the Redstone […]
Paramount Global is hammering out the last details of an agreement to be purchased by Skydance Media in an $8 billion deal, according to multiple reports. FOX Business’ Charlies Gasparino reported last week that Skydance and its backers were said to be in the final stages of negotiating the purchase of Paramount, and that a […]
Merger and acquisition news sent several stocks, including media company Paramount Global (PARA), higher early Monday. Meanwhile, a medical-waste-disposal company was positioned for a possible breakout on acquisition reports. X Paramount stock bolted more than 6% higher during premarket action on Monday following reports Hollywood studio Skydance is looking to buy a number of nonvoting […]
(Reuters) – Skydance Media last week revised its offer for Paramount Global to buy up to a certain number of non-voting Paramount shares at $15 each, the Wall Street Journal reported on Sunday citing people familiar with the matter. The new proposal values Paramount B-shares at a roughly 26% premium to Friday’s close, the report […]
(Reuters) – A special committee of the Paramount Global’s board agreed to recommend a deal with Skydance Media, the Wall Street Journal reported on Friday, citing people familiar with the matter. A potential deal could end months of speculation over Paramount’s fate. Reports on takeover offers from Skydance Media and a consortium of Apollo Global […]
Skydance Media submitted a new offer to Paramount Global (PARA) in its bid to acquire the media giant, according to the Wall Street Journal. Yahoo Finance Entertainment Reporter Alexandra Canal highlights the challenges Paramount is facing while also reviewing bids from Sony (SONY) and Apollo Global Management (APO). Apollo Global Management is the parent company […]
Skydance Media has increased its cash offer and restructured its bid for Paramount Global in an effort to make a deal more equitable for the media conglomerate’s minority shareholders, an individual familiar with the matter tells TheWrap. The latest offer must be approved by Paramount’s independent special committee, which let the exclusivity window on its […]
By Dawn Chmielewski (Reuters) -Skydance Media has submitted a sweetened offer for Paramount Global, according to a person familiar with the matter. The new deal improves terms for both classes of Paramount shareholders, and provides more cash, according to the source, who spoke on condition of anonymity. Specific details of the offer could not immediately […]
After weeks of negotiations, Skydance’s proposed merger with Paramount Global appears to be on the ropes. Paramount’s special board committee appears to have cooled on the offer, which would have seen the David Ellison-led studio, joined by financial partners RedBird Capital and KKR, acquire controlling shareholder Shari Redstone’s stake in the company and then merge […]
As the exclusive window for merger discussions between Paramount Global and David Ellison’s Skydance Media enters its final hours, the future of the company remains uncertain. There has been no official decision on an extension on the exclusivity window between Skydance and Paramount, which is set to expire Friday night. A spokesperson for Paramount declined […]
By Svea Herbst-Bayliss and Dawn Chmielewski NEW YORK (Reuters) – Hedge fund Barington Capital on Friday urged Paramount Global to scrap its exclusive merger talks with Skydance Media, arguing all shareholders would benefit if the company looked at other potential bidders. The New York-based hedge fund, which owns 325,000 shares in Paramount, has joined a […]
(Reuters) -A deal between Paramount Global and Skydance Media could see the media conglomerate acquire the independent studio in an all-stock transaction valued at around $5 billion, the Wall Street Journal reported on Friday. Under the terms being discussed, National Amusements, which controls Paramount, would receive over $2 billion in cash in the first step […]