The preliminary agreement comes after a previous round of negotiations fell through last month. The new deal, if approved, would see Skydance pay $1.75 billion for National Amusements. The companies have also agreed to a 45-day"go-shop period," during which other potential bidders for Paramount can submit their offers.
Skydance Media's pursuit of Paramount has been ongoing for several months, marked by a complex deal-making process that has seen intermittent progress. Paramount, which owns CBS, MTV, Nickelodeon, and its namesake film studio, has been grappling with a declining cable business, a significant debt burden, and the expensive expansion of its streaming service.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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