Paramount Global has entered into a definitive agreement with Skydance Media, led by David Ellison, for a transformative acquisition deal. The transaction, valued at approximately $8 billion, will see Skydance invest into Paramount, with National Amusements, the Redstone family holding company, receiving an enterprise value of about $2.4 billion. The deal allows Paramount's non-voting stockholders to cash out at $15 per share, and voting stockholders at $23 per share. This move comes after a tumultuous negotiation period, including a previously negotiated deal that was abandoned. The acquisition is expected to close in mid to late 2025, subject to a 45-day 'Go shop' period, where other bidders can propose a better offer, despite a $400 million breakup fee. Paramount's future under Ellison's leadership is anticipated to focus on content creation, technological innovation, and potentially exploring international licensing or joint ventures for Paramount Plus. The deal represents a significant shift in the media landscape, with Ellison poised to become a new studio mogul at the age of 41, controlling a vast array of influential media assets.

Paramount Global has entered into a definitive agreement with Skydance Media, led by David Ellison, for a transformative acquisition deal. The transaction, valued at approximately $8 billion, will see Skydance invest into Paramount, with National Amusements, the Redstone family holding company, receiving an enterprise value of about $2.4 billion. The deal allows Paramount's non-voting stockholders to cash out at $15 per share, and voting stockholders at $23 per share. This move comes after a tumultuous negotiation period, including a previously negotiated deal that was abandoned. The acquisition is expected to close in mid to late 2025, subject to a 45-day 'Go shop' period, where other bidders can propose a better offer, despite a $400 million breakup fee. Paramount's future under Ellison's leadership is anticipated to focus on content creation, technological innovation, and potentially exploring international licensing or joint ventures for Paramount Plus. The deal represents a significant shift in the media landscape, with Ellison poised to become a new studio mogul at the age of 41, controlling a vast array of influential media assets.