(Reuters) – The Redstone household and Skydance Media CEO David Ellison have each made concessions to make a possible change in management at Paramount Global extra interesting the corporate’s different buyers, Bloomberg News reported on Sunday.
Paramount is at the moment engaged in unique deal talks with Skydance Media, an unbiased studio led by Ellison, although some buyers have urged Paramount to discover different choices.
Ellison is providing to purchase a block of Paramount shares at a premium to assist enhance Paramount’s funds, the report mentioned, citing an individual aware of the talks.
He has additionally been in talks with an unbiased committee of Paramount administrators over a attainable deal, the report added.
The Redstones, who personal a majority of Paramount’s voting shares, have agreed to let non-voting shareholders have a say in whether or not a take care of Skydance ought to be accepted, in response to the report.
Sony (NYSE:) Pictures Entertainment and Apollo Global Management (NYSE:) are additionally discussing making a joint bid for Paramount, Reuters reported earlier in April.
Paramount and Skydance didn’t instantly reply to Reuters’ request for feedback.