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Skydance Sweetens Offer For Paramount Global
PGREParamount (PGRE) Deadline·2024-05-30 18:14

David Ellison's Skydance has sweetened its offer to acquire Paramount Global, Deadline has learned, in an attempt to make it more palatable to the company's Class B stockholders. Shareholders have trashed the outlines of a previous deal and threatened to sue. Ellison's original offer was to buy out Par's controlling shareholder Shari Redstone for a significant premium, resulting in a windfall for her, and then merge Skydance into Paramount keeping the combined company public. Stockholders wanted to be bough ...