National Amusements has reached a preliminary deal to sell its controlling interest in Paramount Global (NASDAQ: PARA) to Skydance, three sources familiar with the matter told Reuters.
Shari Redstone’s National Amusements re-engaged with the David Ellison-led production studio after abruptly ending deal talks last month while fielding takeover interest from other interested parties.
Skydance will pay $1.75 billion to National Amusements, which owns 77% of the voting shares of Paramount, as part of a two-step deal involving the merger of Skydance and Paramount, according to the tentative agreement.
(Source: Reuters)
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