Skydance reportedly sweetens offer for Paramount Global, giving shares a boost

Skydance Media has submitted a sweetened offer for Paramount Global, according to a person familiar with the matter.

The new deal improves terms for both classes of Paramount shareholders, and provides more cash, according to the source, who spoke on condition of anonymity.

Specific details of the offer could not immediately be determined.

media, business, mergers & acquisitions, paramount, sumner redstone, skydance reportedly sweetens offer for paramount global, giving shares a boost

David Ellison’s Skydance Media has been in talks to buy Paramount for several months. Rafael Henrique/SOPA Images/Shutterstock

media, business, mergers & acquisitions, paramount, sumner redstone, skydance reportedly sweetens offer for paramount global, giving shares a boost

The new deal improves terms for both classes of Paramount shareholders, and provides more cash, according to the source AFP via Getty Images

A spokesman for a special committee of the Paramount board, which was created to evaluate such offers, declined to comment.

The Wall Street Journal first reported the improved offer.

Paramount shares rose 2.5% to $11.99 on the news.

This is a breaking news story. Please check back for updates.

OTHER NEWS

24 minutes ago

Regan Smith crushes 200 fly at Olympic trials. 17-year-old set to join her on team

24 minutes ago

The Cowboys’ options if 2024 is Dak Prescott's swansong with the team

24 minutes ago

What is quishing? US Postal Inspection Service warns of new scam used to commit identity fraud

24 minutes ago

Eagles Remain Thin at This Position Despite Offseason Moves

24 minutes ago

Why Trump gets final word over Biden in first presidential debate and what it means

24 minutes ago

Should Chiefs Re-Sign Creed Humphrey & Trey Smith In 'Final Moves?'

24 minutes ago

As former chief sues Assembly of First Nations, minister says Ottawa won't weigh in

24 minutes ago

California rejects AT&T bid to stop offering landline service in some areas

24 minutes ago

Gas shortage could become a ‘big problem’ for Australia

24 minutes ago

Starmer: Corbyn would have made better prime minister than Johnson

24 minutes ago

What’s next for Sainsbury’s bank customers as it pays NatWest £125m to offload it

24 minutes ago

Sheep run for the hills away from Rishi Sunak trying to feed them in Devon

24 minutes ago

QLD opposition leader rules out repeal of state nuclear ban

24 minutes ago

How to take part in the Zimbabwe e-passport trial run in SA

24 minutes ago

‘Rape room’ Cola billionaire Alkiviades David to pay record $900m to sex attack victim

27 minutes ago

Memphis Grizzlies superstar Ja Morant’s new sneakers set to release soon

27 minutes ago

Apple Intelligence seems to have a ChatGPT-shaped problem in China

32 minutes ago

What your heart rate says about your fitness level

32 minutes ago

Canada prepares potential tariffs on Chinese EVs after US and EU moves

32 minutes ago

Navigating the cloud risks in the growing AI threat landscape

32 minutes ago

El Niño is over—but La Niña may arrive during peak hurricane season

32 minutes ago

This plant is being called 'intelligent' after researchers find strange behaviours

32 minutes ago

Ohio State Could Try Out Five-Star Transfer At New Position

32 minutes ago

Chatelaine's challenge to block 190ft pylons hit by legal setback

32 minutes ago

Power bills could rise by $1,000 a year under Coalition plan to boost gas until nuclear is ready, analysts say

35 minutes ago

Gateway Church elder says accepting resignation of pastor in sex abuse scandal was ‘difficult’ decision

35 minutes ago

Person of interest in custody in connection to Near West Side killing of 7-year-old

36 minutes ago

Proposed hygiene centre sparks concern in West Kelowna

37 minutes ago

With Messi-style dribbling and skills, Lamine Yamal thrills in latest Spain win at Euro 2024

37 minutes ago

DIRECTV STREAM vs. Hulu + Live TV: Which is Best for You?

37 minutes ago

I'm a running world champion but I'm not getting excited about the Olympics yet

37 minutes ago

Why Fife is Britain’s unlikely answer to the Italian Riviera

37 minutes ago

MultiChoice mourns the death of Nkateko Mabaso

37 minutes ago

Everything coming to Netflix in July 2024

37 minutes ago

Onezwa Mbola opens up about a ‘very popular content creator who’s stealing her content’

44 minutes ago

Video: Ed Davey admits he is 'not proud' of Lib Dems' broken promise on tuition fees as he is roasted for Post Office scandal blunders and bizarre campaign antics on BBC Question Time election special

45 minutes ago

Video: Rishi Sunak insists he will 'boot out' any Tories who betted on election as he is grilled on crucial Question Time election special - after Keir Starmer sensationally claims Jeremy Corbyn would have made a better PM than Boris Johnson

45 minutes ago

Video: Ed Davey admits he is 'not proud' of Lib Dems' broken promise on tuition fees as he is roasted for Post Office scandal blunders and bizarre campaign antics on BBC Question Time election special

45 minutes ago

California workplace safety board approves heat protections for indoor workers, excluding prisons

45 minutes ago

After starting poorly in her last 2 events, Nelly Korda jumps out quickly in search of second major this year