Skydance's unique offer for Paramount Global would give it a large stake while keeping the company public
Publishing timestamp: 2024-04-05 12:55:23
Summary
Skydance Media, RedBird Capital, and KKR are in talks to acquire a stake in Paramount Global, potentially merging assets and raising new equity. The deal would involve Skydance CEO David Ellison and former NBCUniversal CEO Jeff Shell taking on leadership roles. The transaction aims to transform Paramount Global into a more future-focused media company, leveraging Skydance's assets and technology. The deal is seen as a better option for growth compared to the current ownership by the Redstone family.
Sentiment: MIXED
Tickers: ORCL, APO, WBD, PARA,
Keywords: warner bros discovery inc, paramount global, technology, apollo global management inc, business news, breaking news: business, media, oracle corp,
Source: https://www.cnbc.com/2024/04/05/skydance-paramount-global-deal-details-of-david-ellison-bid.html