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Skydance Media, National Amusements and Paramount Global
Paramount soars as Skydance reaches new deal to buy controlling stake from Redstone
Shares of Paramount Global jumped 6.5% on Wednesday after reports said Shari Redstone's National Amusements had reached a preliminary deal to sell its controlling interest in the storied media company to David Ellison's Skydance Media.
So the Paramount and Skydance deal is back on track. What happened and what’s next?
After Shari Redstone nixed David Ellison's proposed takeover, the tech scion and his partners continued to work to win over the Redstone family.
Paramount and Skydance Near Merger Deal
Just weeks after the Paramount’s controlling shareholder and Skydance scuttled their talks about a potential deal, the two media companies have tentatively agreed to a merger.
3d
on MSN
David Ellison agrees to buy Redstone family firm that controls Paramount
The move represents another dramatic reversal by media mogul Shari Redstone, who controls National Amusements and its 77% ...
Wall Street Journal
2d
Revived Skydance Deal Boosts Paramount Stock
Paramount
Global stock (PARA) jumped, on the news that an on-again, off-again
deal
involving the Hollywood business and ...
2d
on MSN
Paramount and Skydance could be the next big streaming giant – here's what that might mean for Paramount Plus
Paramount Global is home to iconic film studios behind classics like Titanic, Indiana Jones, and The Godfather, the ...
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National Amusements
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David Ellison
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