Skydance sweetens offer to buy Paramount

Zoom in: The new offer would lessen the amount that Skydance and its backers would pay Redstone, whose National Amusements is Paramount's controlling shareholder, according to Variety.

• Money would be reallocated towards the company's nonvoting shareholders, many of which have come out publicly against a deal with Skydance, and Skydance would put up more cash upfront, Variety said.
• News of the new offer was first reported by The Wall Street Journal on Thursday and later confirmed to Axios by a source with knowledge of the talks.

What's next: The special committee that is handling Paramount's sale talks is expected to review the offer shortly, the WSJ reported.

Representatives for Skydance and Paramount declined to comment.