Paramount Global ends merger talks with Skydance Media, as exclusivity window expires.
Paramount Global has ended merger discussions with Skydance Media, letting their exclusivity window expire. Skydance, led by David Ellison, had proposed a two-step deal involving acquiring Paramount through Shari Redstone's majority stake in National Amusements, and then merging to create a $5B company. Alternatives include a $26B joint bid from Sony and Apollo Global Management, or pursuing other opportunities.
May 03, 2024
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