With the fate of Paramount hanging in the balance, its leading suitor has just upped the ante.
Skydance, which has been in talks to merge with Paramount for months, in recent days offered to provide the combined company with a $3 billion cash infusion that it can use to pay down debt and buy back stock, according to two people with knowledge of the proposal. Skydance also offered to give Paramount shareholders a larger stake in the combined company than it had initially proposed.
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