Paramount Global ($PARA) is in the midst of significant corporate negotiations, with Shari Redstone, a key stakeholder, entering exclusive talks with Skydance and RedBird Capital. The discussions, as reported by Fox Business, involve complex considerations to avoid litigation from common shareholders of @paramountco and ensure fair compensation. The potential deal's intricacies have attracted attention, including the possibility of a 'white knight' bidder emerging due to concerns over shareholder compensation. Amidst these talks, Paramount turned down an alleged $26 billion all-cash offer from Apollo, a move that has surprised investors, according to Rich LightShed. Meanwhile, Paramount's shares have seen a nearly 15% increase as a deal with Larry Ellison's son, David Ellison, appears imminent. David Ellison, Shari Redstone, and Paramount's board have reportedly agreed on the general framework of two separate deals that would position Ellison as the new owner of Paramount, although there's no guarantee that these negotiations will conclude within the next month.