Paramount Global owner calls off merger talks with Skydance Media

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National Amusements News

Skydance Media,Shari Redstone,Paramount Global

NEW YORK (AP) — National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended...

NEW YORK — National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended talks on a possible merger of Paramount with movie production company Skydance Media.

Robert Fishman, an analyst with MoffettNathanson, said the deal's collapse leaves Paramount with the same problems that have long weighed it down, and few prospects for an infusion of cash or new ideas to help turn things around.“Ms.

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Skydance Media submits new merger offer to Paramount: WSJSkydance Media submitted a new offer to Paramount Global (PARA) in its bid to acquire the media giant, according to the Wall Street Journal. Yahoo Finance...
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