Paramount Global's shares rose by 4.5% following reports that David Ellison is sweetening his bid for the company. The media conglomerate, which owns CBS and MTV, is considering joint-venture options for its streaming service and has identified $500 million in annual savings to boost profitability. Paramount's co-CEOs are expected to present their strategy to shareholders at the company's annual meeting, which has been postponed to June 25 due to ongoing speculation regarding potential mergers and acquisitions. The leadership team, including Cheeks, Robbins, and McCarthy, has unveiled their shared vision for the company's future, indicating that a new owner is not expected in the near term. National Amusements, led by Redstone, is actively exploring alternatives to Skydance.