Billion-dollar deal
Hollywood mogul can secure paramount
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Since its foundation, the Paramount film studios have been producing numerous cult films. Therefore, a competition for the takeover occurs at times. The production company Skydance decides for the billion dollar deal and promises to compensate unvoiced shareholders.
Reports about a possible buyer competition about the Hollywood veteran Paramount keep the industry in suspense – but it doesn't matter. The billion -dollar film producer David Ellison has the contract, as the media group announced. Media manager Edgar Bronfman Jr. withdrawn his counter offer. The deal with Ellison's production company Skydance is expected to be completed in the first half of 2025.
According to media reports, Bronfman had submitted a difficult offer for Paramount last week, according to media reports, a $ 6 billion (currently 5.372 billion euros). Ellison and his partners take over more than eight billion dollars to take over.
Due to the paramount stock structure, it is easy to get control of the group at first glance. More than three quarters of the stocks with vocal rake belonged to the previous owner Shari Redstone. Theoretically, it would have been enough to only take on their share. But then the many owners of the many owners had threatened to vote if they had felt disadvantaged.
Six billion for compensation and debt
That is why there is a complex deal: Redstone should get $ 2.4 billion for their shares. At the same time, Paramount will merge with Ellison's Skydance Media. In addition, Ellison, his family and participating investors will raise another $ 4.5 billion in order to buy owners of their shares without voting rights. Finally, they pay 1.5 billion dollars to reduce the debts of the film studio of “Der Pate”, “Top Gun” and “Mission Impossible”.
The 41-year-old Ellison is to become a new paramount boss after the deal. His father is Larry Ellison, the multi-billion dollar founder of the Oracle software group. Bronfman belongs to the family behind the spirits group Seagram and was head of the Warner Music Group, among others.
