On July 7, 2024, Paramount Global and Skydance Media announced a definitive agreement to merge, creating a new entity named 'New Paramount.' The merger includes the acquisition of National Amusements, Inc. (NAI), which holds a controlling interest in Paramount, followed by a merger of Skydance and Paramount. The transaction values Skydance at $4.75 billion and New Paramount at an approximate enterprise value of $28 billion. Skydance Investor Group, led by the Ellison Family and RedBird Capital Partners, will invest over $8 billion in the new company. Paramount Class A stockholders will receive $23 per share, while Class B stockholders will receive $15 per share in a cash/stock election. The merger is expected to close in the first half of 2025, subject to regulatory approvals and other customary...Show More

On July 7, 2024, Paramount Global and Skydance Media announced a definitive agreement to merge, creating a new entity named 'New Paramount.' The merger includes the acquisition of National Amusements, Inc. (NAI), which holds a controlling interest in Paramount, followed by a merger of Skydance and Paramount. The transaction values Skydance at $4.75 billion and New Paramount at an approximate enterprise value of $28 billion. Skydance Investor Group, led by the Ellison Family and RedBird Capital Partners, will invest over $8 billion in the new company. Paramount Class A stockholders will receive $23 per share, while Class B stockholders will receive $15 per share in a cash/stock election. The merger is expected to close in the first half of 2025, subject to regulatory approvals and other customary closing conditions. The Special Committee of Paramount's Board of Directors unanimously approved the merger, which also includes a 45-day 'go-shop' period to solicit and evaluate alternative acquisition proposals. The merger aims to position New Paramount as a leader in media and technology, focusing on content creation and technological advancements across various entertainment platforms.