Skydance Media’s revised offer to buy Shari Redstone’s family company National Amusements and merge with Paramount Global PARA 0.76%increase; green up pointing triangle gives the entertainment conglomerate’s nonvoting shareholders an option to cash out at a premium, according to people familiar with the matter.
Last week, David Ellison’s Skydance made a sweetened offer to buy up to a certain number of nonvoting Paramount shares at roughly $15 each, while also giving shareholders the option to roll into the new deal, the people said. The price per share, which could change, represents a 26% premium from where the stock closed Friday.
Source: WSJ
