Redstones, Ellison look to appease Paramount shareholders, Bloomberg reports

The Redstone family and Skydance Media CEO David Ellison have both made concessions to make a potential change in control at Paramount Global, Bloomberg’s Christopher Palmeri, Lucas Shaw, and Thomas Buckley report. Ellison is offering to buy a block of Paramount shares at a premium to help improve Paramount’s finances, according to a person familiar with the talks, who adds that he has also been in talks with an independent committee of Paramount directors over a possible deal. The Redstones, who own a majority of Paramount’s voting shares, have agreed to let non-voting shareholders have a say in whether a deal with Skydance should be approved, according to the report.