It’s kinda nuts how, as I type, all of Hollywood—not to mention the 20,000-plus employees of Paramount Global and everyone who works for National Amusements—is waiting around for one person to decide what to do. The Skydance deal is done. David Ellison & Co. would pay $2 billion for National Amusements, the Shari Redstone family holding company through which she controls Paramount Global. About half of Paramount’s B shareholders then get the sweetened $15 a share, a 26 percent premium over Friday’s close, and the company receives an added $1.5 billion to pay down debt while merging with Skydance. The Ellison group would then own two-thirds of Paramount, per the Journal, and David could begin figuring out where on the lot he’d like to park his bitchin’ Lamborghini.
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