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Paramount Global's board, including David Ellison and Shari Redstone, is in exclusive merger talks with Skydance Media, favoring them over a $26 billion offer from Apollo Global Management. The potential deal could give Shari Redstone over $2 billion in cash. Paramount stock fluctuated amid reports.
$PARA | Paramount, Skydance Deal Could Be 'Home Run' For Shari Redstone, Loss For Shareholders, Investor Warns Paramount Global could be nearing a deal to merge with Skydance. The move could be good for key shareholder Shari Redstone and bad for most public shareholders. https://t.co/x8xRI728JN
Paramount investor rips Shari Redstone’s deal to sell media giant to Skydance: ‘Detrimental to the company's value ‘ https://t.co/j4fTjwHjHe https://t.co/24KHiQ7oj5
Paramount investor rips Shari Redstone’s deal to sell media giant to Skydance: ‘Detrimental to the company’s value ‘ https://t.co/brFLl4fnFX https://t.co/0OeznByhbK