Skydance Media increases cash offer and restructures bid for Paramount Global, addressing minority shareholder concerns.

Skydance Media has increased its cash offer and restructured its bid for Paramount Global in an attempt to make the deal more equitable for the media conglomerate's minority shareholders. The move comes after some Paramount class B shareholders threatened to sue, arguing that Skydance is prioritizing controlling shareholder Shari Redstone. The revised offer must be approved by Paramount's independent special committee.

May 30, 2024
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