News Formal

National Amusements ends Paramount merger talks with Skydance Media

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

Paramount News

Canada Canada Latest News,Canada Canada Headlines

National Amusements said merger talks ended after the companies were unable to reach 'mutually acceptable terms' on a deal.

Merger discussions between National Amusements, which controls Paramount Global, and Skydance Media have ended without a deal.The two companies 'have not been able to reach mutually acceptable terms regarding the potential transaction with Skydance Media for the acquisition of a controlling stake in NAI,' National Amusements said in a statement to CBS News.

However, Redstone is now reportedly pursuing a sale of National Amusements alone, rather than trying to also merge Paramount into another media business such as Skydance, according to a report Tuesday in the Wall Street Journal. Redstone controls National Amusements, which owns 77% of class A Paramount shares.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 87. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paramount’s rumored merger with Skydance is offParamount’s potential merger with Skydance Media has fallen apart after weeks of negotiations, leaving the parent company of CBS and Showtime looking for a new path.
Source: verge - 🏆 94. / 67 Read more »

Paramount, Skydance Reportedly Agree to Merger Deal Terms: DetailsCNBC's David Faber delivers his latest Faber Report.
Source: bleedingcool - 🏆 20. / 69 Read more »