Many may not know it, but Paramount has significant debt, and has been considering takeover offers due to its inability to continue independently, which has been complicated by the large amount of money they must give up to be bought out. sony showed interest but was Skydance Media who advanced quickly in the negotiations, and are no strangers to the company, having collaborated with some highly renowned films.
As mentioned by media such as Variety, Skydance and Paramount Global have reached a preliminary agreement to merge, with an official announcement expected in the coming days, perhaps in some setting like Comic-Con. Negotiations began in April but stalled due to minority shareholders’ dissatisfaction over the upside to Shari redstone, the majority shareholder. Then came an improved offer to make the proposal more attractive to non-voting shareholders.
The decision will be Shari Redstonewho owns 77% of the voting shares of ParamountGlobal. If you accept the offer, the approval of Class B shareholders will not be required. And although there was already a shareholder meeting on June 2, the revelation was not made as such. If realized, skydance will become the owner of Paramount+, Paramount Pictures, Pluto TV and brands like Nickelodeon, MTV and VH1among others who have their following of fans.
It is worth mentioning that at the time both worked on projects such as Mission Impossible: Ghost Protocol, World War Z and Star Trek Into Darkness. So in the end it would make sense that they would be interested in buying them, but it is not known if the name of the company will disappear as is. paramount.
Via: Variety
Author’s note: This promises to be an important union by the companies, and important productions could arrive in the future, unless they do not know how to manage the brand well.
#Paramount #Skydance #merge
