A potential merger between media companiesSkydanceandParamount Global(NASDAQ:PARA)(NASDAQ:PARAA) has dominated headlines and could see further consolidation in the media sector.
One shareholder of Paramount Global is calling out the merger efforts, which could provide cash toShari Redstoneand leave Paramount shareholders with a diluted value.
What Happened:Skydance entered into an exclusive negotiating window with Paramount Global, according to reports.
A potential merger would see Redstone'sNational Amusements,which owns 77% of voting shares of Paramount, receive $2 billion in cash. Paramount Global would acquire Skydance in an all-stock deal valued at around...
Login or create a forever free account to read this news
Sign up/Log in
