Paramount Stock Climbs to $15 Amid 2025 Skydance Media Acquisition Talks
Explore the latest 2025 developments as Paramount Global shares soar following a proposed $2 billion takeover deal led by Skydance Media and partners, reshaping the entertainment landscape.
With over 25 years of expertise, Bill McColl excels as a senior producer and writer across TV, radio, and digital platforms, steering teams to deliver compelling news coverage on major global events.
Highlights
- Paramount Global's shares surged sharply amid news of a potential acquisition by Skydance Media and its partners.
- According to CNBC, Skydance aims to acquire nearly 50% of Paramount's Class B shares at $15 per share, representing a 26% premium.
- Skydance, alongside Apollo Group Management and Sony Pictures, has been negotiating to acquire control from Shari Redstone's National Amusements.
Shares of Paramount Global (PARA) jumped significantly on Monday following reports of a revised takeover offer from Skydance Media.
CNBC revealed that David Ellison's Skydance, supported by private equity firms RedBird Capital and KKR, proposes purchasing nearly half of Paramount's Class B shares at $15 each, reflecting an attractive premium over recent closing prices.
The Wall Street Journal reported that Skydance is offering Paramount’s nonvoting shareholders an option to sell their shares at a premium price of approximately $15 apiece.
The proposal includes a $2 billion buyout offer for Shari Redstone’s National Amusements, which currently holds a controlling stake in Paramount; however, Redstone's acceptance is pending.
CNBC further notes that if finalized, Skydance and RedBird Capital would collectively own around two-thirds of the company, with remaining shares held by Class B shareholders.
Extended Negotiation Process
The acquisition discussions have spanned several months, with Skydance and private equity firm Apollo Group Management independently courting National Amusements. In April, The New York Times highlighted Apollo’s collaboration efforts with Sony Pictures to strengthen their bid.
Paramount Global shares have experienced volatility throughout 2024, rising over 7% to $12.78 during Monday’s trading session amid acquisition speculation, yet remain down over 13% year-to-date due to ongoing uncertainties about company control.
Discover engaging topics and analytical content in Markets News as of 27-04-2024. The article titled " Paramount Stock Climbs to $15 Amid 2025 Skydance Media Acquisition Talks " provides new insights and practical guidance in the Markets News field. Each topic is meticulously analyzed to deliver actionable information to readers.
The topic " Paramount Stock Climbs to $15 Amid 2025 Skydance Media Acquisition Talks " helps you make smarter decisions within the Markets News category. All topics on our website are unique and offer valuable content for our audience.