Skydance Media revives deal talks, eyes merger with Paramount Global

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Skydance Media revives deal talks, eyes merger with Paramount Global - WSJ

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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Paramount Global owner calls off merger talks with Skydance MediaNational Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media. The potential deal had drawn attention for weeks amid speculation about Paramount's future.
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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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