Paramount’s stock slumps after reports say the company will need to raise as much as $3 billion to merge with Skydance.
Paramount's stock fell as CNBC's David Faber reported the company would likely need to raise new equity to merge with Skydance Media.
Shari Redstone, the controlling shareholder of Paramount, is reportedly in exclusive talks to sell her stake to Skydance's David Ellison, and the companies are also reportedly in exclusive merger discussions.'s stock slumped 8% on Thursday after CNBC's David Faber reported the company would need to raise as much as $3 billion in new equity if it were to merge with David Ellison's Skydance Media, according to sources familiar with the deal.
This deal comes as media mogul Shari Redstone, the controlling shareholder of Paramount, is said to be in exclusive talks with Ellison on selling her stake to him, according toFaber said Ellison and his partners would likely step up to provide a good amount of that equity, but it would be dilutive.made a $26 billion all-cash offer for Paramount that was rejected, though Redstone has not found any interest in this deal.
I could have made $2,100 cashing in on solar eclipse tourism—why I chose not to, from a U.S. retiree in Mazatlán, Mexicoon acquiring the company. The MTV and CBS parent company has a market capitalization of nearly $10 billion and about $13 billion of net debt.Disney CEO Bob Iger on Elon Musk: People have been coming after me and the company for years
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Paramount Global's board enters exclusive merger talks with Skydance MediaMembers of Paramount Global's board have chosen to enter into exclusive merger talks with Skydance Media, favoring the independent studio over a $26 billion offer from Apollo Global Management. The talks, if successful, would end Shari Redstone's control of the media empire built by her father.
Read more »
Paramount to enter into exclusive merger talks with Skydance, source saysMembers of Paramount Global's board agreed on Wednesday to enter into exclusive merger talks with Skydance Media, favoring the independent studio over a $26 billion offer from Apollo Global Management , a person familiar with the matter said.
Read more »
Marvel 1943: Rise of Hydra Revealed With First TrailerOur first full look at Skydance's upcoming Captain America and Black Panther game is here.
Read more »
Paramount Rumored to Be Exploring Merger Options with Various CompaniesReports suggest that Paramount is considering joining forces with Warner Bros. Discovery, Skydance Media, Apollo Global Management, and Byron Allen. The company may also explore a streaming partnership with Comcast. Paramount's parent company, National Amusements, may also be acquired as a result of the potential merger.
Read more »
Paramount might have another potential suitor.Apollo Global Management, a private equity firm that owns the majority of Yahoo, is discussing a takeover or asset purchase with Paramount, according to a report from Axios. Rumors about a potential Paramount merger or sale have been swirling for months.
Read more »
Star Trek "Remains One Of The Most Important" Paramount Franchises, Says CBS CEOJohn Orquiola is the head of Screen Rant&039;s Star Trek Movies & TV coverage, a Senior Features staff writer, and Interviewer.
Read more »