Paramount, Skydance agree to terms on $8B merger deal: report

  • 📰 nypost
  • ⏱ Reading Time:
  • 43 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 67%

Business Notícia

Mergers & Acquisitions,Paramount,Paramount Pictures

Skydance will pay $2 billion for Paramount’s parent company, National Amusements, which is controlled by majority stakeholder Shari Redstone.

Paramount Global has agreed on terms of an $8 billion merger with Skydance — the Hollywood studio the media giant has collaborated with to crank out the blockbuster “Mission: Impossible” franchise, according to a report.

“We received the financial terms of the proposed Paramount/Skydance transaction over the weekend and we are reviewing them,” a National Amusements spokesperson said.Altogether, the deal is valued at $8 billion — up from about $5 billion under earlier terms discussed between Skydance and Paramount. In addition to its namesake movie studio, Paramount owns CBS and cable TV networks including Nickelodeon, MTV, and Comedy Central.

As part of the deal, Skydance will buy out nearly half of Paramount’s class B shares for $4.5 billion, $15 apiece — giving shareholders a stake in the newly formed company, according to Faber. As negotiations have continued, Paramount’s C-suite also has been shuffled in recent months, with Bob Bakish stepping down as CEO in April. He was replaced by a trio of executives dubbed the “Office of the CEO.”

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 91. in BR
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

How famed money manager Mario Gabelli is trying to set things right with the Paramount-Skydance mergerParamount has been mostly out of the news lately, but that doesn’t mean nothing is going on behind the scenes in its messy, years-long attempt to sell itself before settling on a merger with Skyda…
Fonte: nypost - 🏆 91. / 67 Consulte Mais informação »

Bitcoin's $5.8B Quarterly Options Expiry May Spark Market Swings, Deribit SaysOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Fonte: CoinDesk - 🏆 291. / 63 Consulte Mais informação »