Paramount Stock Soars 12% in 2025 as Skydance Merger Deal Revives at $1.75B
In 2025, Paramount Global’s shares surged sharply after renewed talks with Skydance Media brought their $1.75 billion merger deal back on track, signaling a major shift in the media industry landscape.
Paramount Global’s stock experienced a significant premarket rally on Wednesday, fueled by reports that the previously stalled merger negotiations with Skydance Media have resumed.
Highlights to Know
- Paramount’s shares jumped nearly 12% premarket after news of a tentative agreement with Skydance Media emerged.
- The deal involves Skydance acquiring National Amusements, the holding company controlled by Shari Redstone which holds approximately 77% of Paramount’s voting shares, followed by a merger with Paramount.
- Earlier talks had broken down last month when Redstone halted negotiations, but recent developments indicate progress.
The renewed discussions outline Skydance’s plan to purchase National Amusements for $1.75 billion, while also paying $4.5 billion to acquire roughly half of Paramount’s controlling shares at $15 per share. An additional $1.5 billion is earmarked to strengthen Paramount’s balance sheet amid its ongoing debt challenges.
Potential Conclusion to Lengthy Merger Talks
Following the agreement, a 45-day "go-shop" period is expected, allowing other potential buyers to submit competing offers, according to reports from The New York Times and The Wall Street Journal.
Skydance, led by David Ellison—son of Oracle co-founder Larry Ellison—is known for blockbuster productions like "Top Gun: Maverick" and the recent "Mission: Impossible" films, enhancing its profile as a major player in entertainment.
This potential acquisition could bring a decisive end to months of negotiations involving multiple media and private equity suitors interested in Paramount.
Despite this recent surge, Paramount’s shares are still down approximately 19% year-to-date, closing at $11.98 just before market open on Wednesday after a solid 5.7% gain the previous day.
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