11:04 AM EDT, 04/05/2024 (MT Newswires) -- Paramount Global ( PARAA ) would continue to trade publicly under an offer made by Skydance Media, CNBC reported, citing four people familiar with the parameters of the offer.

Under the terms of the deal, Skydance would own either a substantial minority stake or a majority stake in Paramount via merging its assets and raising new equity, according to CNBC.

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