Project Rise Partners Issues Open Letter To Paramount Shareholders; Says $13.5B Cash Offer For Paramount 'Far Better' Than Skydance Bid
Portfolio Pulse from Benzinga Newsdesk
Project Rise Partners has issued an open letter to Paramount Global shareholders, proposing a $13.5 billion cash offer, including up to $5 billion in debt restructuring. They argue this offer is superior to the current agreement with Skydance Media, emphasizing fairness, transparency, and a premium over recent market prices.
October 25, 2024 | 4:10 pm
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Project Rise Partners has made a $13.5 billion cash offer to Paramount Global, which they claim is superior to the current Skydance Media agreement. This offer includes up to $5 billion in debt restructuring and promises a premium over recent market prices.
The offer from Project Rise Partners is significant as it provides a higher valuation and includes debt restructuring, which could be more beneficial for Paramount's financial health and shareholder value compared to the Skydance agreement.
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