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Paramount’s Shari Redstone Juggling Skydance, Other Suitors As Deal Saga Continues

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deadline.com

Shares of Paramount Global edged lower Thursday, day three in the red, amid lingering uncertainty around Skydance’s latest offer.

With bigger than anticipated sweeteners for Class B shareholders, it was approved by Par’s special board committee and sent on to controlling shareholder Shari Redstone but with no announcement forthcoming.

Redstone controls Paramount through family holding company NAI, which owns about 80% of the company’s Class A voting shares.

She’s always had the last word and Skydance wasn’t necessarily going to be an immediate slam dunk. But Deadline also hears Redstone continues to explore two other options as well as the Skydance offer that formally landed on her plate over the weekend.

Read more on deadline.com
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