
Paramount Global's stock rose early on Weds., July 3 after new reports indicated that David Ellison’s Skydance Media had sweetened its offer for Paramount Global’s holding company National Amusement and that the two parties had a preliminary agreement.
Under the new offer, the Wall Street Journal is reporting that Skydance would pay $1.75 billion for National Amusements. If the sale is completed, Skydance would then merge with Paramount.