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5 months ago
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David Ellison’s Skydance has presented Paramount Global board’s special committee with a revised offer to take control of the company, Deadline has learned. Terms weren’t immediately available, story will be updated when they are. The new proposal is likely designed to make a deal more palatable to Paramount investors beyond controlling shareholder Shari Redstone, something that her family holding company NAI had requested.
Redstone controls Paramount through NAI, or National Amusements.
The offer, said to be the best and last, comes as a one-month exclusive negotiating window between the two parties is set to end May 3, although it could be extended. It also comes amid a vigil for Paramount CEO Bob Bakish, who is expected to depart today, replaced for now by a trio of division heads.
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