Skydance & Paramount Exclusive Negotiating Window Ends In Hours – Will David Ellison Walk?
deadline.comThe clock is ticking down to midnight, the end of a month-long exclusive negotiating window between Paramount Global and Skydance Media.
The David Ellison company has been circling Paramount for months and lobbed several offers to buy out Shari Redstone‘s controlling stake, backed by Oracle co-founder Larry Ellison and Gerry Cardinale’s RedBird Capital.
The Skydance team spent the past month taking a close look at the books. In the face of clamorous objections from other Paramount shareholders on the initial deal structure, it sweetened the pot for owners of the common stock.
The revised offer is said to be Skydance’s best and last (although it still got a thumbs down from other investors). The timing was tight to clinch a deal in a month but there had been talk talk of a possible extension.
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