Paramount Globalstock fell 5% on Monday as investors absorbed details ofthe companys merger agreement with Skydance Media.
The companies are targeting a closing of the deal in the third quarter of 2025.
Trading volume was about twice its normal level.
Paramount Global headquarters in New YorkMichael M. Santiago/Getty Images
Skydance will own about 70% of outstanding shares.
Since the Skydance talks began last December, Class B shareholders had been making noises about being devalued.
Compared with initial overtures from Skydance, the current proposal has been sweetened for Class B shareholders.
