SONY - Paramount: Shari Redstone's 'Let Them Eat Cake' Moment With Shareholders
2024-07-08 06:28:34 ET
Summary
- Shari Redstone to receive $1.75b and $1b cash infusion, while common holders get $15 per share for half their holdings.
- A majority of PARA common holders may face losses as the deal closes, with potential legal action looming.
- The Sony/Paramount deal offers superior cross-entertainment opportunities and potential for stock price increase, making it the best offer.
Above: The appearance of the Paramount gates have populated many articles on the deal these past months. They reflect the single most desirable asset Skydance will get if the current deal on the table survives a 45 day "Go Shop" window.
Premise: You'd think, given all the so-called financial talent thrown at crafting a fair deal for in Paramount (PARA), that the endgame would be a hefty toss under the bus that many holders suspected from day one. But then you would have been delusional about the true objectives of Queen Shari. Her fits and starts never went beyond a final deal filling her near empty royal treasury. And all common holders, eat cake....
Paramount: Shari Redstone's 'Let Them Eat Cake' Moment With Shareholders