(Bloomberg) -- Film producer David Ellison’s offer for Paramount Global includes an option for nonvoting shareholders to cash out a portion of their stock for about $15 a share, according to a person familiar with the matter. Spokespeople for Paramount and Ellison’s Skydance Media declined to comment. Paramount’s shares rose 7% to $12.74 in New York Monday morning. She has been pushing for a merger of Paramount with Skydance, an outcome that she believes will be in the best interests of her family’s legacy. A special committee of Paramount board members recommended Ellison’s latest terms last week.
