Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports
- Skydance Media last week revised its offer for Paramount Global to buy up to a certain number of non-voting Paramount shares at $15 each, the Wall Street Journal reported on Sunday citing people familiar with the matter.
Paramount declined to comment on the report while Skydance did not immediately respond to Reuters' request for comment. Skydance submitted a sweetened offer for its proposed merger with Paramount which is said to offer improved terms for both voting and non-voting Paramount shareholders, and provides more cash, a source told Reuters on Thursday.), emerged late in the deal process, submitting a non-binding all-cash offer of $26 billion. It has since backed away from that initial proposal in favor of a more limited approach.
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