Skydance Set for Paramount Global Takeover with $8B Investment Plan

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Paramount News

Paramount Global,Skydance

David Ellison's Skydance Media, Gerry Cardinale's RedBird Capital, and Shari Redstone's National Amusements Inc (NAI) had a very busy weekend, but it looks like they might be reaching the finishing line in terms of Skydance's attempts to acquire Paramount Global.

David Ellison's Skydance Media, Gerry Cardinale's RedBird Capital, and Shari Redstone's National Amusements Inc had a very busy weekend, but it looks like they might be reaching the finishing line in terms of Skydance's attempts to acquire Paramount Global.

5333 shares of Class B stock of New Paramount; Offer Class B stockholders other than NAI an election to receive in the merger $15 cash per share or one share of Class B stock of New Paramount, subject to proration if Class B elections exceed $4.3 billion in the aggregate ; Use the additional capital to pay down existing debt and re-capitalize the balance sheet of New Paramount to support strategic initiatives.

 

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