From CNBC: 2024-06-03 11:18:17

Paramount and Skydance are finalizing a merger, pending approval from owner Shari Redstone. The deal involves $2 billion for Redstone, $4.5 billion for nearly 50% of class B Paramount shares, and $1.5 billion to reduce debt. Skydance and RedBird would own two-thirds of Paramount post-merger. The deal is valued at $8 billion.



Read more at CNBC: Paramount, Skydance agree to terms of a merger deal