Hollywood studio Paramount agrees $28bn merger with Skydance
How much will Skydance invest into the new company?
Skydance has agreed to invest $8 billion into the new company as part of the merger deal with Paramount Global. This investment is in addition to the $2.4 billion Skydance will pay to buy National Amusements, the Redstone-owned theater movie operator that holds nearly 80% of voting shares in Paramount.
What companies are merging in the recent Paramount deal?
Paramount Global and Skydance Media are merging in a deal that brings an end to the Redstone family's control of Paramount. Skydance will invest $8 billion into the new company as part of the merger and pay an additional $2.4 billion to buy National Amusements, the Redstone-owned theater movie operator that holds nearly 80% of Paramount's voting shares.
How much is Paramount valued at in the merger?
In the merger, Paramount is valued at $28 billion. The deal involves Skydance investing $8 billion into the new company and paying an additional $2.4 billion to buy National Amusements, the Redstone-owned theater movie operator that holds nearly 80% of voting shares in Paramount.