Paramount Lets Skydance Exclusivity Window Expire With No Deal
04/05/2024 01:27
Paramount Global's special committee of independent directors has informed Skydance Media that it will let the exclusivity window on the two parties' merger discussions expire with no deal ahead of a Friday evening deadline, according to an individual with knowledge of the matter. Ellison's media giant has been in talks about a potential two-step deal that would see the company acquire Paramount through controlling shareholder Shari Redstone's majority stake in National Amusements, which owns 77% of the media conglomerate's voting stock. The second step would see Skydance and . . .
