June 3 (Reuters) - Skydance Media on Monday was awaiting

a response to its enhanced bid for entertainment conglomerate

Paramount Global ( PARAA ), in which it offered to buy nearly

half of the nonvoting Paramount shares at $15 each, according to

a source familiar with the matter.

CNBC reported a deal could be announced in the coming days,

though another knowledgeable person said no decision has been

reached. Both sources spoke on condition of anonymity.

"We received the financial terms of the proposed

Paramount/Skydance transaction over the weekend and we are

reviewing them," said a spokesperson for movie theater owner

National Amusements, which holds 77% of Paramount's class A

voting stock.

The new proposal follows months of negotiations between

Santa Monica, California-based independent studio Skydance and

Paramount, which, like other media companies, has been hit by

the decline of the traditional television industry.

Under the revised deal terms, Skydance would make a tender

offer to buy about 40% of Paramount's nonvoting B class of

shares, according to the source familiar with the matter.

Shareholders also would hold a stake in the newly created

company formed by the merger of Paramount with Skydance. That

would combine the home of Paramount Pictures film studio, the

CBS broadcast network and cable networks such as MTV and

Nickelodeon with the independent studio that partnered with

Paramount on several major film releases, including "Top Gun:

Maverick," "Mission: Impossible Dead Reckoning Part One" and

"Star Trek Into Darkness."

In a related transaction, Skydance would acquire privately

held National Amusements, which owns movie theaters in the U.S.,

UK and Latin America, and whose 77% holding of Paramount class A

voting stock represents the Redstone family's controlling

interest in the company. That $2 billion deal would give David

Ellison's Skydance voting control over the larger media company,

setting the stage for the merger.

A spokesman for Paramount's board declined to comment and a

spokesperson for the New York-based company's controlling

shareholder, Shari Redstone, did not immediately respond to

Reuters requests for comment.

A rival bidder, Sony Pictures Entertainment, in

partnership with Apollo Global Management ( APO ), emerged late

in the deal process, submitting a nonbinding, all-cash offer of

$26 billion. It has since backed away from that initial proposal

in favor of a more limited approach.