2024-07-08 10:15:00 ET
Summary
- Paramount's special committee and Shari Redstone have finally agreed to definitive merger terms.
- While there still is the chance of a better deal materializing within the 45-day go-shop period, don't put too much hope in it.
- Here is why I consider this deal as bad, but not as bad as feared.
The Paramount-Skydance merger terms
Paramount ( PARA ) ( PARAA ) has finally issued two press releases saying that both its special committee and controlling shareholder Shari Redstone have agreed to merge the company with Skydance and another one specifying the terms of the deal . Importantly, the conference call slides included material additional information which significantly changes the picture....
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Evaluating The Final Paramount-Skydance Merger