April 28 (Reuters) - The Redstone family and Skydance
Media CEO David Ellison have both made concessions to make a
potential change in control at Paramount Global ( PARAA ) more
appealing the company's other investors, Bloomberg News reported
on Sunday.
Paramount is currently engaged in exclusive deal talks with
Skydance Media, an independent studio led by Ellison, though
some investors have urged Paramount to explore other options.
Ellison is offering to buy a block of Paramount shares at a
premium to help improve Paramount's finances, the report said,
citing a person familiar with the talks.
He has also been in talks with an independent committee of
Paramount directors over a possible deal, the report added.
The Redstones, who own a majority of Paramount's voting
shares, have agreed to let non-voting shareholders have a say in
whether a deal with Skydance should be approved, according to
the report.
Sony Pictures Entertainment and Apollo Global Management ( APO )
are also discussing making a joint bid for Paramount,
Reuters reported earlier in April.
Paramount and Skydance did not immediately respond to
Reuters' request for comments.