Skydance Enhances Bid for Paramount Global
TL;DR Summary
Skydance Media has submitted a revised bid for Paramount Global, reallocating more funds to nonvoting Class B shareholders and offering more upfront cash. The deal, if approved, would end the Redstone family's control over Paramount, CBS, and Viacom, and value Skydance at around $5 billion.
Topics:business#business#entertainment-industry#mergers-and-acquisitions#paramount-global#shari-redstone#skydance-media
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