Paramount Global merges with Skydance Media

Paramount Global agrees to merge with Skydance Media, handing control of the Hollywood studio to producer David Ellison. The deal involves Paramount Chair Shari Redstone selling her family’s National Amusements Inc. for $2.4 billion. The Ellison family and RedBird Capital Partners will invest over $8 billion in the business, aiming to fortify Paramount for the future.

National Amusements Ends Deal Discussions with Skydance Media

National Amusements, controlled by Shari Redstone, has ended deal discussions with Skydance Media, impacting Paramount Global. The failed merger talks have led to a drop in Paramount's shares.