Paramount and Skydance agree to terms of a merger deal
Publishing timestamp: 2024-06-03 12:27:19
Summary
Paramount and Skydance have agreed to terms of merger, with Skydance buying out nearly 50% of class B Paramount shares at $15 apiece. The deal is awaiting signoff from Paramount's controlling shareholder, Shari Redstone, and is valued at $8 billion. The merger will not require a vote from shareholders.
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Keywords: david faber, entertainment, business, paramount global, business news, breaking news: business, media,
Source: https://www.cnbc.com/2024/06/03/paramount-skydance-merger-deal-update.html