Paramount Board Endorses Merger With Skydance Media As David Ellison Nears Acquisition Of MTV And CBS Owner: Report
Paramount Board Endorses Merger With Skydance Media As David Ellison Nears Acquisition Of MTV And CBS Owner: Report
Skydance Media is on the verge of acquiring Paramount Global (NASDAQ:PARA) the owner of MTV and CBS, after a special committee of the latter's board approved the merger.
Skydance Media即將收購MTV和CBS的所有者Paramount Global (NASDAQ:PARA)，後者的特別委員會已批准合併。
What Happened: The special committee of Paramount's board has given the green light to a merger with Skydance Media, led by David Ellison, Bloomberg reported on Sunday, citing a person with knowledge of the matter. The full board is expected to ratify the deal on Sunday, with an official announcement likely to follow on Monday.
具有知情權的消息人士透露，Paramount董事會的特別委員會已經批准與由David Ellison領導的Skydance Media合併的協議。全體董事會預計將於週日批准該協議，正式公告可能會在週一公佈。
The transaction, if finalized, would mark the end of a tumultuous and complex merger process. The deal includes the acquisition of National Amusements, the controlling shareholder of Paramount, by Ellison, followed by the merger of Skydance with Paramount. This move would bring an end to the Redstone family's four-decade-long control of the media empire.
如果交易完成，這將標誌着一個動盪和複雜的合併過程的結束。該交易包括由Ellison收購Paramount的控股股東National Amusements，然後將Skydance與Paramount合併。這一舉動將結束Redstone家族對媒體帝國四十年的控制。
Ellison's negotiations with Paramount and Redstone had collapsed just a few weeks ago, surprising the company's board, employees, and shareholders. However, the son of Oracle Corp (NYSE:ORCL) co-founder Larry Ellison maintained contact with Redstone and revived the talks over the past several days.
Ellison與Paramount和Redstone的談判在幾周前破裂，使該公司的董事會、員工和股東感到驚訝。然而，甲骨文公司（NYSE:ORCL）聯合創始人的兒子Larry Ellison仍與Redstone保持聯繫，並在過去幾天恢復了談判。
The new terms feature a higher valuation for National Amusements and stronger language indemnifying the Redstones' company against potential litigation resulting from the deal.
新的條款包括對National Amusements的更高估值以及更強有力的語言，爲Redstones公司在交易可能引起的訴訟中提供賠償保護。
Skydance Media and Paramount Global did not immediately respond to Benzinga's request for comment.
Skydance Media和Paramount Global還沒有立即回覆Benzinga的置評請求。
Why It Matters: This potential acquisition comes after a series of ups and downs in the negotiation process. Talks between Paramount and Skydance collapsed in June, only to be revived by Ellison in the past few days. The new terms of the deal include a higher valuation for National Amusements and stronger language indemnifying the Redstones' company against potential litigation resulting from the deal.
此次潛在收購在談判過程中經歷了一系列起起伏伏。Paramount和Skydance之間的談判在6月份破裂，直到最近幾天才由Ellison恢復。交易的新條款包括對National Amusements的更高估值以及更強有力的語言，以保護Redstones公司免受可能因此引起的訴訟的影響。
The news of the potential acquisition has had a significant impact on the stock market. Paramount Global's stock surged following reports of the preliminary agreement to acquire National Amusements Inc. and merge with Paramount. This deal, involving substantial financial maneuvering, aims to strengthen Paramount's position in the competitive media landscape.
潛在收購的消息對股市產生了重大影響。在收購National Amusements Inc.並與Paramount合併的初步協議出現的報道後，Paramount Global的股價飆升。這項涉及大量財務調整的交易旨在加強Paramount在競爭激烈的媒體領域的地位。
Price Action: Paramount Global Class B shares last closed at $11.81, rising by 3.05%. In after-hours trading, the stock slightly increased 0.17%. Year to date, the stock has declined by 17.99%, according to data from Benzinga Pro.
Paramount Global B類股上次收盤價爲11.81美元，上漲3.05%。在盤後交易中，該股略微上漲0.17%。根據Benzinga Pro的數據，該股的年初至今跌幅爲17.99%。
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Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本報道使用Benzinga Neuro生成，並由Kaustubh Bagalkote
譯文內容由第三人軟體翻譯。