Jul 08, 2024 09:14 AM IST
BRIEF-Paramount Says Entered Into A Definitive Agreement With Sk:BRIEF-Paramount Says Entered Into A Definitive Agreement With Skydance Media To Form “New Paramount”
July 7 – Paramount Global:
* SKYDANCE MEDIA AND PARAMOUNT GLOBAL SIGN DEFINITIVE AGREEMENT TO ADVANCE PARAMOUNT AS A WORLD-CLASS MEDIA AND TECHNOLOGY ENTERPRISE
* PARAMOUNT GLOBAL – PARAMOUNT CLASS A STOCKHOLDERS TO RECEIVE $23 PER SHARE IN CASH/
* PARAMOUNT GLOBAL – ELLISON FAMILY AND REDBIRD TO INVEST OVER $8 BILLION IN NEW PARAMOUNT
* PARAMOUNT GLOBAL – CLASS B STOCKHOLDERS TO RECEIVE $15 PER SHARE IN CASH/STOCK ELECTION
* PARAMOUNT GLOBAL – CASH CONSIDERATION AVAILABLE TO PUBLIC SHAREHOLDERS TOTALS $4.5 BILLION
* PARAMOUNT GLOBAL – PARAMOUNT CLASS A STOCKHOLDERS TO RECEIVE $23 PER SHARE IN CASH/STOCK ELECTION,
* PARAMOUNT GLOBAL – DAVID ELLISON NAMED CEO, JEFF SHELL NAMED PRESIDENT OF NEW PARAMOUNT
* PARAMOUNT GLOBAL – SKYDANCE INVESTOR GROUP TO OWN 100% OF NEW PARAMOUNT CLASS A SHARES
* PARAMOUNT GLOBAL – SKYDANCE INVESTOR GROUP TO INVEST $2.4 BILLION TO ACQUIRE NATIONAL AMUSEMENTS FOR CASH
* PARAMOUNT GLOBAL – $1.5 BILLION OF PRIMARY CITAL TO BE ADDED TO PARAMOUNT’S BALANCE SHEET
* PARAMOUNT GLOBAL – DEFINITIVE TRANSACTION AGREEMENT INCLUDES A 45-DAY GO-SHOP PERIOD DURING WHICH SPECIAL COMMITTEE OF PARAMOUNT’S BOARD OF DIRECTORS
* PARAMOUNT GLOBAL – TRANSACTION IS ANTICIPATED TO CLOSE IN FIRST HALF OF 2025
* PARAMOUNT – SKYDANCE INVESTOR GROUP WILL OWN 69% OF OUTSTANDING CLASS B SHARES
* ELLISON FAMILY AND REDBIRD CITAL PARTNERS TO INVEST OVER $8 BILLION IN NEW PARAMOUNT AND TO ACQUIRE NATIONAL AMUSEMENTS Source text for Eikon: Further company coverage:
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