Skydance Media and its largest private-equity backer RedBird Capital Partners have been wooing Paramount for the better part of a year.
The Skydance consortium, including fellow Skydance investor KKR, submitted a revised offer on Sunday.
The deal would be worth roughly $32 billion, according to the source, with the value of Paramount and its $15 billion in debt making up the lion's share.
Here's what we know about the deal, how much Redstone would get, and what a new Paramount would look like.
Keeping Paramount public sets the Skydance bid apart from Apollo's potential offer, according to one of the sources.
Persons:
Bob Bakish, Shari Redstone's, Tom Cruise, Mario Gabelli, Bakish, Getty, Redstone's, David Ellison, Larry Ellison, Ellison, RedBird, Gerry Cardinale, Goldman Sachs, Goldman, Skydance, Jeff Shell, Ben Affleck, Matt Damon's, Axel Springer
Organizations:
Skydance Media, RedBird Capital Partners, Paramount, KKR, Business, Ex, CNBC, Apple, New York Yankees, NFL, Bakish, CBS, MTV, Nickelodeon, ' Equity, Amazon Studios, Sony, Apollo, Wall Street
Locations:
Santa Monica , California, New York City, Skydance, RedBird