Ellison's Latest Paramount Offer Has a $15-a-Share Sweetener.

Film producer David Ellison has made an offer for Paramount Global that includes a cash payout option for nonvoting shareholders at around $15 per share, a 26% premium to the closing price. Ellison's offer is part of a multi-step process to take over Paramount, which involves buying out the Redstone family's controlling stake and merging his company, Skydance Media, into Paramount. Ellison's latest terms have been recommended by a special committee of Paramount board members, and the final decision lies with Shari Redstone, Paramount's chair. Apollo Global Management Inc. has also made a non-binding offer for Paramount in partnership with Sony Group Corp. [Extracted from the article]

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