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"Favored noteholders" were allegedly granted advantageous terms in a new issue in exchange for agreeing to amend terms that would have prevented a Starz separation.
As part of the deal, Paramount Chair Shari Redstone agreed to sell National Amusements, which controls about 77 percent of the voting stock in Paramount, for $2.4 billion.
The new terms include a higher valuation for National Amusements and stronger language indemnifying the Redstones’ company against litigation that may result from the deal.
July 3, 2024
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As part of the integration of UPshow into EverPass, businesses will now have the option to stream NFL Sunday Ticket for the first time starting with the 2024 NFL season.