Paramount merger with Skydance back on under new terms following collapse of talks [Fortune]
Paramount Global - Class A (PARAA)
Company Research
Source: Fortune
Paramount Global , the parent of CBS and MTV, according to a person with knowledge of the matter. National Amusements, the family company that controls Paramount, will refer the deal to a special committee of Paramount directors for review, said the person, who asked not to be identified discussing an agreement that hasn't been announced. The accord followed the collapse last month of talks between Skydance and National Amusements. The two reengaged with each other in the last week, with discussions picking up steam Tuesday, the person said. The new terms include a higher valuation for National Amusements and stronger language indemnifying the Redstones' company against litigation that may result from the deal, the person said. The sellers have 45 days to seek better offers, another person familiar with the matter said. Paramount and Skydance, led by Oracle Corp. co-founder Larry Ellison's son David Ellison, declined to comment. National Amusements didn't respond to inquiries.
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News
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- Company News for Jul 5, 2024 [Yahoo! Finance]Yahoo! Finance
- Reports: David Ellison Nears New Deal for Paramount [Yahoo! Finance]Yahoo! Finance
- So the Paramount and Skydance deal is back on track. What happened and what's next? [Yahoo! Finance]Yahoo! Finance
- So the Paramount and Skydance deal is back on track. What happened and what's next? [Los Angeles Times (CA)]Los Angeles Times
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 7/3/24 - Form 4
- 7/3/24 - Form 4
- 7/3/24 - Form 4
- PARAA's page on the SEC website