Paramount Global owner calls off merger talks with Skydance Media

FILE - The main gate to Paramount Studios is seen on Melrose Avenue, July 8, 2015, in Los Angeles. National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, said Tuesday, June 11, 2024, that it has ended talks on a possible Paramount merger with 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.

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National Amusements ends Paramount merger talks with Skydance MediaNational Amusements said merger talks ended after the companies were unable to reach 'mutually acceptable terms' on a deal.
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Paramount and Skydance agree to terms of a merger dealSkydance is set to announce a deal with Paramount after agreeing to terms of a merger deal.
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