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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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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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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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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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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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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