So here's the thing about that deal that David Ellison's Skydance Media, Gerry Cardinale's RedBird Capital, and Shari Redstone's National Amusements Inc (NAI) announced back in July that would lead to Skydance owning Paramount Global.
So here's the thing about that deal that David Ellison's Skydance Media, Gerry Cardinale's RedBird Capital, and Shari Redstone's National Amusements Inc announced back in July that would lead to Skydance owning Paramount Global. Even with the process by which Skydance would take over pretty well laid out, the tentative agreement did give Redstone a 45-day window to field offers from other parties. Previously, Apollo Global Management , Barry Diller, and Edgar Bronfman Jr.
Here's The Skydance/Paramount Global Deal Details: Skydance will merge with Paramount in a transaction that will reportedly value New Paramount at a value of approximately $28 billion. Existing Skydance investors will receive 317 million newly issued Class B shares in New Paramount valuing Skydance at $4.75 billion based on $15 per Paramount Class B share.
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