BRIEF-Paramount And Skydance Inch Closer To A Merger As Key Hurdle Looms

BRIEF-Paramount And Skydance Inch Closer To A Merger As Key Hurdle Looms - CNBC

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BRIEF-Paramount And Skydance Inch Closer To A Merger As Key Hurdle Looms - CNBC

Apr 25, 2024 1:14 PM

April 25 (Reuters) - Paramount Global ( PARAA ):

* PARAMOUNT AND SKYDANCE INCH CLOSER TO A MERGER AS KEY

HURDLE

LOOMS - CNBC

* SKYDANCE MEDIA AND ITS PRIVATE EQUITY BACKERS ARE

TARGETING MAY

TO FINALIZE TERMS ON A DEAL WITH PARAMOUNT GLOBAL- CNBC

* SKYDANCE'S PLAN WOULD NAME DAVID ELLISON CEO OF PARAMOUNT

GLOBAL

AND FORMER NBCUNIVERSAL CEO JEFF SHELL AS PRESIDENT - CNBC

* VALUE FOR SKYDANCE WHICH WILL BE VALUED AROUND $5 BILLION

AND

MERGED WITH PARAMOUNT GLOBAL- CNBC

* ELLISON AND THE PRIVATE EQUITY FIRMS PLAN TO RAISE ROUGHLY

$4.5

BILLION TO $5 BILLION IN NEW EQUITY- CNBC

* CURRENT PARAMOUNT CEO BOB BAKISH WOULD DEPART THE COMPANY

- CNBC

Source text: https://tinyurl.com/4wnwswam

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