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      • Skydance would buy out nearly 50% of class B Paramount shares at $15 apiece, or $4.5 billion, leaving the holders with equity in the new company. Skydance and RedBird would also contribute $1.5 billion in cash to Paramount’s balance sheet to help reduce debt.
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      Paramount and Skydance agree to terms of a merger deal - NBC News

  2. www.nbcnews.com › business › business-newsParamount and Skydance agree to terms of a merger deal - NBC News

    Jun 3, 2024 · Skydance and RedBird would also contribute $1.5 billion in cash to Paramount’s balance sheet to help reduce debt. Following the deal’s close, Skydance and RedBird would own two-thirds of...

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  4. finance.yahoo.com › news › skydance-media-paramountSkydance Media and Paramount Global Sign Definitive Agreement ...

    Jul 8, 2024 · Skydance will merge with Paramount in an all-stock transaction, valuing Skydance at $4.75 billion; Skydance equity holders will receive 317 million Class B Shares valued at $15 per share.

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  6. fortune.com › 2024/07/03 › paramount-merger-skydanceParamount merger with Skydance back on under new terms ...

    Jul 3, 2024 · Independent film and TV producer Skydance Media has reached a preliminary agreement to buy Shari Redstone’s National Amusements Inc. and merge with Paramount Global, the parent of CBS and MTV,...

  7. variety.com › 2024 › filmSkydance Sets Vision for New Paramount: Cash, 'Stability ...

    Jul 8, 2024 · First, and perhaps most importantly, Skydance is dropping $1.5 billion on Paramount’s balance sheet – a cash infusion that hopes to embolden the studio to woo creatives with “stability,” as...

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  8. finance.yahoo.com › news › skydance-paramount-dealSkydance-Paramount Deal: How Wall Street Views the Details So Far

    Jul 8, 2024 · After months of back-and-forth, Shari Redstone has finally agreed to sell control of Paramount Global to a consortium led by Skydance Media, led by David Ellison, and RedBird Capital.

  9. finance.yahoo.com › news › paramount-skydance-agreeParamount and Skydance Agree to Deal Terms as Merger Inches ...

    Jun 3, 2024 · Paramount Global and David Ellison’s Skydance Media have agreed to deal terms on a potential merger, which currently awaits approval from controlling shareholder Shari Redstone, an individual...

  10. www.sullcrom.com › About › News-and-EventsS&C Advises RedBird Capital Partners in $8 Billion Agreement ...

    Jul 8, 2024 · Skydance Investor Group will invest $2.4 billion to acquire National Amusements and invest $4.5 billion for the cash/stock consideration, as well as $1.5 billion of primary capital to be added to New Paramount’s balance sheet.