Paramount Special Committee Meets To Vote On Skydance Deal; Shari Redstone Will Sell Her Family's Controlling Stake In Paramount To Ellison For $2.25B
Portfolio Pulse from Benzinga Newsdesk
Paramount's special committee is set to vote on a deal with Skydance, where Shari Redstone will sell her family's controlling stake in Paramount to Ellison for $2.25 billion.
June 11, 2024 | 7:17 pm
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Paramount's special committee is voting on a significant deal with Skydance, involving the sale of Shari Redstone's controlling stake for $2.25 billion.
The sale of the controlling stake in Paramount to Ellison for $2.25 billion is a major corporate action that could positively impact the stock price due to the significant valuation and potential strategic benefits.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Paramount's special committee is voting on a significant deal with Skydance, involving the sale of Shari Redstone's controlling stake for $2.25 billion.
The sale of the controlling stake in Paramount to Ellison for $2.25 billion is a major corporate action that could positively impact the stock price due to the significant valuation and potential strategic benefits.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100