Skydance Media recently proposed a revised offer to merge with Paramount Global, including a $3 billion cash infusion aimed at reducing debt and enabling stock buybacks. This offer was made as the exclusivity window for negotiations neared its expiration. Despite the substantial proposal, Paramount allowed the exclusivity window to expire without reaching an agreement, indicating potential complications in the merger discussions.
Paramount Lets Skydance Exclusivity Window Expire With No Deal https://t.co/lAbeuflwph
Skydance's Proposed Deal With Paramount Global Appears to Be Falling Apart https://t.co/GwqtdYXLCS
This offer comes as the negotiating window between Skydance and Paramount is about to expire 💰 https://t.co/lfUS8OavPT
Skydance, which has been in talks to merge with Paramount for months, in recent days offered to provide the combined company with a $3 billion cash infusion that it can use to pay down debt and buy back stock. https://t.co/m8hUIbBGfz
Skydance Puts Revised Offer On The Table For Paramount Amid Merger & CEO Drama https://t.co/u2RsCHsidp