Paramount’s merger: all the news on the drawn-out takeover drama
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Paramount and Skydance are even closer to making a deal.
Yesterday, the NYT said there were discussions of entering exclusive talks, and now multiple outlets report the companies have entered a 30-day exclusive negotiating window. Bloomberg even says, “Shari Redstone, Paramount’s controlling shareholder, has reached a tentative agreement to sell her stake to Skydance.”
The hold up now is apparently the second step of Paramount and Skydance reaching a merger agreement. As for other hopefuls, Variety reports a $27 billion all-cash bid from the private equity firm Apollo was declined.
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