Paramount and Skydance inch closer to a merger as key hurdle looms [CNBC]
Paramount Global - Class A (PARAA)
Company Research
Source: CNBC
Paramount Global's special committee and David Ellison's Skydance Media, backed by private equity firms KKR and RedBird Capital Partners, are narrowing in on how to value Skydance's assets as part of a merger as well as how much equity to add to the company as part of a recapitalization, according to people familiar with the matter. The sides are close to agreeing on a value for Skydance, which will be valued around $5 billion and merged with Paramount Global, said the people, who asked not to be named because the discussions are private. Ellison and the private equity firms plan to raise roughly $4.5 billion to $5 billion in new equity. Some of that (about $2 billion) will be used to pay Redstone, and another substantial portion will be used to pay down debt. The buyers would ideally like to get a deal done in May, said the people. Paramount Global was slow to open a data room to the Skydance consortium, said three of the people, which has slightly pushed back the timeline on a
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PARAA
News
- Deal or no deal for Paramount? Here are the options on the table [Yahoo! Finance]Yahoo! Finance
- Deal or no deal for Paramount? Here are the options on the table [Los Angeles Times (CA)]Los Angeles Times
- Skydance & Paramount Exclusive Negotiating Window Ends In Hours – Will David Ellison Walk? [Yahoo! Finance]Yahoo! Finance
- "Mayor of Kingstown" filming to close 16th Street Bridge throughout two-week stretch [CBS News]CBS News
- PARA vs. DIS: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
PARAA
Earnings
- 4/29/24 - Beat
PARAA
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 10-Q
- 4/29/24 - Form 8-K
- PARAA's page on the SEC website