Paramount Global Will Pay Skydance $400 Million Breakup Fee If It Accepts a Stronger Offer
Even when you think it’s over, Skydance Media’s potential buyout of Paramount Global isn’t. Paramount now has the right to search for a better offer in the next 45 days. If the company accepts that offer, it will owe Skydance a $400 million breakup fee.
Skydance founder and CEO David Ellison told investors about the fee on a call Monday morning.
More to come …
The post Paramount Global Will Pay Skydance $400 Million Breakup Fee If It Accepts a Stronger Offer appeared first on TheWrap.