Redstones, Ellison Seek to Appease Angry Paramount Investors (2)

The Redstone family and independent film producer David Ellison have offered concessions to make a possible change in control at Paramount Global more appealing to the company’s other investors, according to a person familiar with the discussions.

Ellison’s Skydance Media is proposing to buy $3 billion of Paramount shares at a premium to their current price to help shore up the film and TV company’s finances, according to people familiar with the negotiations who asked to not be identified. The board and Skydance’s representatives have been discussing how much of that money would go to share buybacks and how much ...