PARA - Paramount Global's Potential Sale To Skydance Media: A Tale Of Shifting Shareholder Outcomes And Streaming Strategies | Benzinga
A sale of Paramount Global (NASDAQ:PARA) could have varied outcomes for Shari Redstone, the controlling shareholder, and other investors in the entertainment giant.
National Amusements, controlled by Redstone and has a significant voting stake in Paramount, is in exclusive negotiations to sell itself to Skydance Media, reported The Wall Street Journal.
In the proposed deal, Redstone’s company would initially receive over $2 billion in cash. Subsequently, Paramount Global would acquire Skydance in an all-stock transaction worth approximately $5 ...