Tech scion David Ellison moved one step closer to gaining control of Paramount Global, with a special committee voting Sunday to support a merger with his Skydance Media, a source close to the deal…
Tech scion David Ellison moved one step closer to gaining control of Paramount Global, with a special committee voting Sunday to support a merger with his Skydance Media, a source close to the deal told Reuters.
Paramount’s full board, including its non-executive chair, Shari Redstone, is expected to approve the deal imminently, the source said.The proposed merger would combine Paramount, with its namesake film studio and its CBS, MTV and Nickelodeon television networks, with its financial partner on several major film releases, including “Top Gun: Maverick,” “Mission: Impossible -Dead Reckoning” and “Star Trek Into Darkness.
The new offer would net the Redstone family $1.75 billion, said one of the sources. It also enhanced legal protections from possible shareholder lawsuits, the source said.Sam's Club members threaten to jump to Costco after wholesale giant chops key perkTeresa Giudice laughs off her ‘unhinged’ Photoshop fail: ‘Loving all the comments’
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