Who will buy Paramount?

[Moe]

@lowell See above - news about Skydance bought Paramount.

 

[Action!]

Now the question is: Is this the final merger deal.

 

[Daikun]

We have a deal????

Well, that's a surprise. I thought those merger talks broke down earlier.

 

[PF9]

If Skydance does the things I am asking them to do with MTV and Nick then that would sweeten the deal.

 

[harry580]

a lot of questions became running in like:
would skydance keep the movie theaters and that paramount owns the movie theaters as a answer to sony buying Alamo drafthouse, would showcase cinemas become a big chain again like they were 20 to 15 years ago?

 

[lowell]

@lowell See above - news about Skydance bought Paramount.

Actually, what's interesting in this is lawyers won't be ponied up if lawsuits are filed but the company is actually instead being given a "go-shop" period to get better offers:

"The deal would also give National Amusements a greater degree of protection against potential shareholder lawsuits over the deal. That had been a sticking point in earlier negotiations, given significant shareholder angst about the transaction.

The deal is expected to offer Paramount a 45-day “go shop” period in which it can talk to other suitors about a potential deal, three of the sources said. The billionaire Barry Diller and his digital media conglomerate, IAC, have expressed interest in National Amusements, as has Edgar Bronfman Jr., the media and finance executive, and Steven Paul, the Hollywood executive best known for his work on the “Baby Geniuses” franchise.

The Paramount board committee will now evaluate whether those new terms will be sufficiently palatable for shareholders."

Paramount and Skydance Near Merger Deal

Just weeks after the Paramount’s controlling shareholder and Skydance scuttled their talks about a potential deal, the two media companies have tentatively agreed to a merger.

www.nytimes.com

Given how many twists and turns there have been in this drama saga, it wouldn't surprise me if a bidding war happens at this point.

The goal is now likely refocused to selling the whole company for the highest price possible, though.

The Redstones, the board, and the non-Redstone shareholders would all stand to benefit from that.

But yeah, even with this news, nothing is guaranteed to happen at all so don't jump to conclusions on anything just yet.

 

[JulianRO]

Skydance reaches tentative deal to acquire Paramount for $1.75 billion

The deal would involve a purchase of National Amusements, then an immediate merger with the famed movie studio.

thedesk.net

 

[Daikun]

Excuse me... $1.75 billion?
That seems...awfully low, considering all the assets they own.

 

[Moe]

Excuse me... $1.75 billion?
That seems...awfully low, considering all the assets they own.

Yeah, it is and Disney paid whooping $70 billions for 20th Century.

 

[harry580]

please let redstone sell paramount to skydance already, I sick & tired of her saying yes but later say no to it

 

[lowell]

Excuse me... $1.75 billion?
That seems...awfully low, considering all the assets they own.

That's technically only for their family company, National Amusements.

The "go-shop" period will actually be looking for higher offers on both that and/or Paramount Global.

please let redstone sell paramount to skydance already, I sick & tired of her saying yes but later say no to it

Eh, it wouldn't be that surprising if the Redstones want to see a bidding war ignite over this at this point.

If they're bailing by cashing out and the non-Redstone shareholders want to cash out as well, they're going to look into maximizing the valuation as high as possible on the way out.

But yeah, again, nothing is guaranteed to happen at all so don't jump to conclusions on anything just yet.