Skydance offers Paramount $3B cash infusion sweetener, NY Times reports

Skydance, which has been in talks to merge with Paramount, has offered a $3B cash infusion to the combined company that it can use to pay down debt and buy back stock, The New York Times’ Benjamin Mullin and Lauren Hirsch report, citing two people with knowledge of the proposal. The revised offer is aimed at soothing investors who are against the deal in recent weeks, according to the report. Skydance is proposing to buy Paramount shareholders’ stock at a premium in hopes of further placating investors, one of the people says, with Mullin and Hirsch writing that under one scenario under discussion, Skydance could ask Shari Redstone take less cash as part of the deal, and keep more of her equity in Paramount.