The Ellison family and its partner, RedBird Capital Partners, are paying about $1.75 billion to acquire the equity of National Amusements Inc., the Redstone family company that owns most of the voting stock in Paramount, the parent of CBS and MTV.
Shari Redstone, chair of Paramount Global, will get $180 million in severance and other benefits on top of hundreds of millions from the sale of her stock to a group led by filmmaker David Ellison.
Ellison is leading a group of investors poised to acquire majority control of Paramount, a major film and TV company, for more than $8 billion.
The group is paying $2.4 billion for National Amusements, including the liabilities, according to publicly reported details of the agreement.
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