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Outcome of Skydance-Paramount Merger Negotiations by June 14
5
Skydance Media•David Ellison•Paramount Global•Paramount•The Wall Street Journal•Shari Redstone•National Amusements
Resolution / Starting Odds
Deal Approved • 33%
Deal Rejected • 33%
Negotiations Extended • 33%
Official statement from Paramount Global or Skydance Media
Story
Skydance Sweetens Merger Offer for Paramount Global, Shares Up 1.9%
May 30, 2024, 06:13 PM
Skydance Media, led by David Ellison, has submitted a sweetened offer for a merger with Paramount Global. The revised bid, which is more favorable to both voting and non-voting shareholders, is set to be reviewed by Paramount's independent committee of directors in the coming days. The Wall Street Journal reports that the offer includes a reduction in the amount paid to controlling shareholder Shari Redstone, while increasing the payout to non-controlling shareholders. Following the news, Paramount's shares spiked, rising 1.9%. This development marks a critical stage in the ongoing negotiations, with a decision expected soon, potentially within the next two weeks. The deal also involves the takeover of National Amusements.
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Settled out of court • 33%
Resolved in court • 33%
Ongoing litigation • 33%
Skydance and RedBird Capital own > 50% • 33%
Skydance and RedBird Capital own ≤ 50% • 33%
Deal falls through • 33%
Accepted • 33%
Rejected • 33%
Modified and Accepted • 34%
Acquired by Sony and Apollo • 33%
Acquired by another company • 33%
No acquisition • 33%
Accepts Sony and Apollo's offer • 25%
Accepts another offer • 25%
Merges with another entity • 25%
Remains independent • 25%
With another media company • 25%
With a technology company • 25%
With a private equity firm • 25%
No joint venture • 25%