Glonghui, April 26 | Investors led by Paramount Universal and Entertainment Group Skydance Media hope to implement the terms of the merger of the two companies in May, according to CNBC sources. The two sides are about to reach an agreement on Skydance's valuation. Skydance CEO David Ellison and the private equity funds KKR and Redbird that supports him will jointly inject a total of 4 billion to 5 billion US dollars into the merged company, of which 2 billion US dollars will be used to acquire equity held by Paramount's controlling shareholder Shari Redstone, and the rest will be used to reduce debt. Skydance hopes that after the merger, the company will have Ellison as CEO and Jeff Shell, the former CEO of NBCUniversal, as president. On the other hand, Paramount negotiated an acquisition with private equity funds Apollo and Sony, but the terms were not implemented.
派拉蒙与Skydance据报合并谈判有进展
Paramount and Skydance are reported to be progressing in merger negotiations
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