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Payout Structure for Non-Controlling Shareholders in Skydance-Paramount Merger
5
Skydance Media•David Ellison•Paramount Global•Paramount•The Wall Street Journal•Shari Redstone•National Amusements
Resolution / Starting Odds
Higher than initial offer • 33%
Same as initial offer • 33%
Lower than initial offer • 33%
Merger agreement details published by 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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Deal falls through • 33%
Settled out of court • 33%
Resolved in court • 33%
Ongoing litigation • 33%
Increase for both • 25%
Increase for Sony, decrease for Paramount • 25%
Decrease for Sony, increase for Paramount • 25%
Decrease for both • 25%
$25 billion - $29 billion • 34%
$29 billion - $33 billion • 33%
$33 billion - $37 billion • 33%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
With another media company • 25%
With a technology company • 25%
With a private equity firm • 25%
No joint venture • 25%
Accepted • 33%
Rejected • 33%
Modified and Accepted • 34%
Stock price increases significantly • 33%
Stock price remains stable • 34%
Stock price decreases • 33%