Paramount agrees to merger with Skydance

Paramount Global and Skydance Media have reached a deal to merge the two media companies together, according to a Sunday joint statement. The proposed merger comes after reports of renewed talks between the two companies emerged earlier in the month and after months of interest from various potential bidders. Paramount Global and David Ellison’s Skydance Media said the merger will occur in two steps. According to the companies, the Skydance Investor Group will pay $2.

" The companies said they hope to "re-imagine the Company’s operating model, transform its technological platform, streamline its organization and accelerate other initiatives already underway" through the merger. "We are committed to energizing the business and bolstering Paramount with contemporary technology, new leadership and a creative discipline that aims to enrich generations to come," Ellison said.

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Paramount Global Owner Shari Redstone Calls Off Skydance Media MergerSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
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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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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.
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