Class A share have voting rights (and Redstone owns most of them).
The more widely held Class B share dont.
A person familiar with the revised Skydance offer says it meets and exceeds concerns that have been raised.
Shari Redstone and David EllisonGetty Images
A deal like that would also be dogged by regulatory issues, although not necessarily insurmountable ones.
Reps for the special committee and for Redstone/NAI werent immediately available to comment.
Terms werent immediately available, story will be updated when they are.
Redstone controls Paramount through NAI, or National Amusements.
Paramount has two classes of stock.
Par would remain a publicly traded company.
Skydance would inject fresh capital into Paramount, which would be welcome given its high debt load.
Most investors hold non-voting Class B shares and have been trashing the deal in public and private for months.
Issuing new shares to incorporate Skydance would dilute their holdings.
Investor have been threatening to sue.
On investor said it would be almost impossible for any offer to satisfy everyone.
Skydance could offer to take out some small percentage of B shares for a premium as well.
It might agree to put a lower dollar figure on the merger.
The partners havent yet made a formal offer, waiting for the outcome of the Skydance talks.
Adding to the drama, Paramount will report its latest quarterly earnings after market close today.
CEOs usually preside over calls with the analyst community after the numbers.
Bakish is not expected to.
