Skydance Media, led by David Ellison, has submitted a sweetened offer for a merger with Paramount Global. The revised bid, which is more favorable to both voting and non-voting shareholders, is set to be reviewed by Paramount's independent committee of directors in the coming days. The Wall Street Journal reports that the offer includes a reduction in the amount paid to controlling shareholder Shari Redstone, while increasing the payout to non-controlling shareholders. Following the news, Paramount's shares spiked, rising 1.9%. This development marks a critical stage in the ongoing negotiations, with a decision expected soon, potentially within the next two weeks. The deal also involves the takeover of National Amusements.
Skydance Media Revises Paramount Global Bid to Make It More Attractive to Noncontrolling Shareholders https://t.co/lVo1GuK4L9 via @variety
Shares of Paramount Global rose after The Wall Street Journal reported that Skydance Media has sweetened its offer for the company https://t.co/RA7083f9bv
Skydance Media Revises Paramount Global Bid to Make It More Attractive to Non-Controlling Shareholders https://t.co/XpTRk9gcAT
Skydance Ups Cash Offer for Paramount and Courts Class B Stockholders in Restructured Offer https://t.co/RsAdXxhWt7
SkyDance throwing a Hail Mary at Paramount after already submitting "Best & Final" reminds me of this Dreamworks Film .... $PARA https://t.co/XMddDNWQxN
SCOOP: @Skydance - @RedBirdCap looking to wrap up deal to buy @paramountco in the next two weeks, @FoxBusiness has learned, as talks reach critical stage and $PARA's special committee increasingly believes the @Sony - Apollo deal cant pass regulatory muster under its current…
Sources have told us that Skydance's sweetened offer is much better for nonvoting and voting (outside of Redstone) shareholders. We expect committee to make a decision on the proposal soon. @PARA @laurenthomas https://t.co/gaB8x30q69 via @WSJ
📣 JUST IN: Skydance Sweetens Merger Offer for $PARA Paramount $FUBO $AMZN $NFLX $WBD $DIST $CMCSA $GOOGL $SONY 👉 Key Highlights: 📍 Skydance Media submits a sweetened merger offer for Paramount Global. 📍 New offer more favorable to voting and nonvoting shareholders. 📍… https://t.co/bu35FdA570 https://t.co/bCdIn4xta8
If Skydance buys NA the. $PARA buys Skydance how do common shareholders get anything?
Exclusive: Skydance has sweetened its offer for a merger with Paramount https://t.co/BWtrQThHxA https://t.co/BWtrQThHxA
Skydance Sweetens Offer For Paramount Global https://t.co/bb5VXtzf0S
SKYDANCE OFFERING SWEETENED OFFER FOR $PARA: WSJ Ellison is apparently reducing the amount it's willing to par Sari Redstone and paying more to non-controlling shareholders....
SKYDANCE OFFERING SWEETENED OFFER FOR $PARA: WSJ
📣JUST IN: Skydance Sweetens Merger Offer for $PARA Paramount - WSJ Stay tuned for detailed insights...
PARAMOUNT JUMPS AFTER WSJ REPORTS SKYDANCE SWEETENS MERGER OFFER, SHARES LAST UP 1.9%
The saga continues! Skydance has submitted a sweetened offer for a merger with Paramount that is being reviewed in the coming days. $PARA W/ @jtoonkel https://t.co/p3PsPYkAWn
$PARA - Paramount’s independent committee of directors is expected to review a new bid soon https://t.co/slLkk9SH6f via @WSJ #Highlight
*SKYDANCE SWEETENS MERGER OFFER FOR PARAMOUNT: WSJ *PARAMOUNT SHARES SPIKE HIGHER AFTER WSJ REPORT
SCOOP: Skydance has sweetened its offer and Paramount’s independent committee of directors is expected to review new bid soon w/@laurenthomas https://t.co/qZjgAdugdn via @WSJ
Paramount’s independent committee of directors is expected to review a new bid soon https://t.co/qAA4kRLbs3
$PARA From PuckNews Newsletter last night: "A Skydance-Paramount greenlight?: I’m hearing some buzz from well-placed sources that Paramount Global’s special committee is expected to announce its approval of David Ellison’s proposed takeover of National Amusements, the Paramount…
$PARA from puck news email “🤝 A Skydance-Paramount greenlight?: I’m hearing some buzz from well-placed sources that Paramount Global’s special committee is expected to announce...”
$PARA from pick news email “🤝 A Skydance-Paramount greenlight?: I’m hearing some buzz from well-placed sources that Paramount Global’s special committee is expected to announce...”
Skydance/Paramount inching toward goal line. $PARA The LightShed Podcast, Ep. 211. With @BrandoLightShed and @WaltLightShed https://t.co/TPm954aToD