Skydance awaits word on its enhanced bid for Paramount

Making Phyllo Parcels with a Greek Yaya | SaltWire #halifaxnovascotia #greekfood #cooking - 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.

The new proposal follows months of negotiations between Santa Monica, California-based independent studio Skydance and Paramount, which, like other media companies, has been hit by the decline of the traditional television industry. Shareholders also would hold a stake in the newly created company formed by the merger of Paramount with Skydance. That would combine the home of Paramount Pictures film studio, the CBS broadcast network and cable networks such as MTV and Nickelodeon with the independent studio that partnered with Paramount on several major film releases, including"Top Gun: Maverick,""Mission: Impossible Dead Reckoning Part One" and"Star Trek Into Darkness.

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