Paramount Appears Set to Back Away From Skydance Deal, Leaving Uncertain Path Forward

After weeks of negotiations, Skydance’s proposed merger with Paramount Global appears to be on the ropes. Paramount’s special board committee appears to have cooled on the offer, which would have seen the David Ellison-led studio, joined by financial partners RedBird Capital and KKR, acquire controlling shareholder Shari Redstone’s stake in the company and then merge […]