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Paramount-Skydance deal would give Shari Redstone over $2 billion in cash, WSJ reports
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Paramount-Skydance deal would give Shari Redstone over $2 billion in cash, WSJ reports
Apr 5, 2024 6:50 PM

(Reuters) - Paramount Global ( PARAA ), under the terms of a deal being discussed, would give controlling shareholder Shari Redstone over $2 billion in cash in the first step of the transaction, the Wall Street Journal reported on Friday, citing people familiar with the situation said.

Then Paramount Global ( PARAA ) would then acquire Skydance in an all-stock deal valued at around $5 billion.

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