Stockholders wanted to be bought out at a premium as well.
The issue for Sony is not shareholders but regulators.
But it might not be a cakewalk to merge two major studios either.

Shari Redstone and David EllisonGetty Images
All offers are being evaluated by a special committee of Paramounts board of directors.
A deals not a deal without her.
Hollywood insiders favor a Skydance deal over a Sony/Apollo takeover of Paramount Global.

It included some premium sweetener for a percentage of non-voting Class B shares.
Its not clear if that part of the offer has changed.
Par shares are up 2% to about $12.