- Skydance Media on Monday was awaiting a response to its enhanced bid for entertainment conglomerate Paramount Global, in which it offered to buy nearly half of the nonvoting Paramount shares at $15 each, according to a source familiar with the matter.
Under the revised deal terms, Skydance would make a tender offer to buy about 40% of Paramount's nonvoting B class of shares, according to the source familiar with the matter. A rival bidder, Sony Pictures Entertainment, in partnership with Apollo Global Management, emerged late in the deal process, submitting a nonbinding, all-cash offer of $26 billion. It has since backed away from that initial proposal in favor of a more limited approach.Jennifer Lopez has had quite a week.
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