National Amusements ends Paramount merger talks with Skydance Media

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.

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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.
منبع: verge - 🏆 94. / 67 ادامه مطلب »

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