What you need to know about Skydance's bid for Paramount, from financing a deal worth $32 billion to its plans for the media empire

Wed, 05/01/2024 - 13:23

Producer David Ellison attends the Royal Film Performance and UK Premiere of — Skydance Media, which co-produced the "Top Gun" reboot with Paramount, wants to merge with the entertainment giant. The film studio is helmed by David Ellison, son of Oracle billionaire Larry Ellison.
Lia Toby/Getty Images for Paramount Pictures

Film studio Skydance is vying to buy Shari Redstone's controlling stake in Paramount.
Its latest bid includes a premium for shareholders and a $3 billion cash injection.
Sources close to the deal told BI how much Redstone may get and what Paramount would look like.

Paramount's CEO Bob Bakish was ousted on Monday night. His exit bodes well for film studio Skydance Media, which is vying to buy Shari Redstone's controlling stake in the entertainment giant.