Shari Redstone to get whopping $180M in severance, benefits after Skydance deal: report

Skydance CEO David Ellison’s team will also settle commitments that include a $70 million severance plan for Redstone and an unfunded pension responsibility of $110 million as component of the procurement. Shutterstock/ Ken Wolter

Skydance chief executive officer David Ellison’s group will certainly likewise settle commitments that consist of a $70 million severance package for Redstone and an unfunded pension plan obligation of $110 million as component of the purchase, Bloomberg included.

Earlier Thursday, Bloomberg reported that Paramount will be managed by software billionaire Larry Ellison after Skydance completes its purchase of the Redstone family’s interest in the movie and TV firm. Getty Images

Redstone holds a 20% risk in National Amusements, Paramount’s regulating shareholder, via 2 trusts in her name and remains in line to get regarding $350 million from its sale, the report claimed, citing individuals with knowledge of the issue.

Skydance chief executive officer David Ellison’s group will certainly likewise settle commitments that consist of a $70 million severance package for Redstone and an unfunded pension responsibility of $110 million as part of the acquisition. Shutterstock/ Ken Wolter

Paramount Global’s chair, Shari Redstone, will certainly obtain $180 million in severance and various other advantages in addition to millions from the sale of her stock in National Amusements to Skydance Media, Bloomberg Information reported Thursday.

Redstone holds a 20% stake in National Amusements, Paramount’s controlling investor, with 2 count on her name and is in line to obtain about $350 million from its sale, Bloomberg reported. Getty Images

Earlier Thursday, Bloomberg reported that Paramount will certainly be controlled by software application billionaire Larry Ellison after Skydance completes its acquisition of the Redstone family’s rate of interest in the movie and television company. Getty Images

Redstone holds a 20% stake in National Amusements, Paramount’s regulating investor, through 2 trusts in her name and is in line to receive about $350 million from its sale, Bloomberg reported. Getty Images

In August, media veteran Edgar Bronfman Jr. withdrew from the race for Paramount, getting rid of the method for Skydance to take control of Shari Redstone’s media empire and finishing among the most chaotic media bidding process battles in recent background.