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Skydance Best And Final Offer For Paramount: Bigger Cash Infusion, Less For Shari Redstone, More For Other Shareholders – Update
Skydance has revised its offer for control of Paramount Global amid merger and CEO drama.
The new proposal is likely designed to make a deal more palatable to Paramount investors beyond controlling shareholder Shari Redstone, something that her family holding company NAI had requested. The offer, said to be the best and last, comes as a one-month exclusive negotiating window between the two parties is set to end May 3, although it could be extended. It also comes amid a vigil for Paramount CEO Bob Bakish, who is expected to depart today, replaced for now by a trio of division heads.
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