Paramount and Skydance are advancing toward a potential merger, with negotiations intensifying as they approach a key deadline. The discussions involve a complex deal that would see David Ellison's Skydance and its backers potentially taking control of the film and television company owned by Shari Redstone. An exclusive month-long negotiating period is set to conclude by May 3, as competitors like Sony and Apollo remain interested in the outcome.
Paramount, Skydance Make Progress on Potential Acquisition https://t.co/LEs1fqvaxl
Paramount and Skydance could be inching much closer to a merger. CNBC’s @sherman4949 has the latest. https://t.co/EgiwRwlxeb
Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison’s studio and its backers take control of the storied film and television company owned by Shari Redstone. The exclusive month-long negotiating period through May 3 is likely to… https://t.co/ngOJZyMCt9