Paramount-Skydance Merger Faces Uncertainty Amid Rival Bids and Redstone's Hesitation
TL;DR Summary
Hollywood and Paramount Global employees await Shari Redstone's decision on a $2 billion deal with Skydance, which would see David Ellison's group take control of Paramount. Despite the benefits, including debt reduction and a premium for shareholders, Redstone hesitates, considering a rival bid or potentially doing nothing.
- Shari Redstone Wavers on Skydance Bid for Paramount - Puck Puck
- Paramount and Skydance agree to terms of a merger deal CNBC
- Paramount, Skydance Agree on New M&A Deal Terms but Shari Redstone Hasn’t Approved Pact Yet Variety
- Skydance to Offer $23 a Share for Paramount Voting Stock Yahoo Finance
- Paramount-Skydance talks take turn as rival bidders press their case Reuters
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