Skydance Media Revises Paramount Global Bid to Make It More Attractive to Noncontrolling Shareholders
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variety.comTodd Spangler NY Digital Editor After months of on-again-off-again haggling, Skydance Media submitted a newly revised offer for Paramount Global.
The revised bid would reduce the amount Skydance and its financial partners would pay Shari Redstone, Paramount’s controlling shareholder, and reallocate that more equitably to the company’s nonvoting Class B shareholders, Variety has confirmed.
Skydance would also put in more cash upfront to swing the deal, sources said. The special committee established by Paramount’s board is currently reviewing Skydance’s revised proposal, sources said.
Reps for Skydance and Paramount Global declined to comment. Reps for NAI and the Paramount board’s special committee did not respond to requests for comment.
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