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Paramount stock slumps on reports that Skydance merger would require company to raise new equity

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Paramount’s stock slumps after reports say the company will need to raise as much as $3 billion to merge with Skydance.

Paramount's stock fell as CNBC's David Faber reported the company would likely need to raise new equity to merge with Skydance Media.

Shari Redstone, the controlling shareholder of Paramount, is reportedly in exclusive talks to sell her stake to Skydance's David Ellison, and the companies are also reportedly in exclusive merger discussions.'s stock slumped 8% on Thursday after CNBC's David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison's Skydance Media, according to sources familiar with the deal.

This deal comes as media mogul Shari Redstone, the controlling shareholder of Paramount, is said to be in exclusive talks with Ellison on selling her stake to him, according toFaber said Ellison and his partners would likely step up to provide a good amount of that equity, but it would be dilutive.made a $26 billion all-cash offer for Paramount that was rejected, though Redstone has not found any interest in this deal.

I could have made $2,100 cashing in on solar eclipse tourism—why I chose not to, from a U.S. retiree in Mazatlán, Mexicoon acquiring the company. The MTV and CBS parent company has a market capitalization of nearly $10 billion and about $13 billion of net debt.Disney CEO Bob Iger on Elon Musk: People have been coming after me and the company for years

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