Paramount and Skydance Are Said to Resume Merger Talks
Paramount and Skydance Are Said to Resume Merger Talks - The New York Times
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Paramount and Skydance Are Said to Resume Merger Talks
Just weeks after the two media companies scuttled their talks about a potential deal, they have resumed their conversations.
Just weeks after Paramount’s controlling shareholder and Skydance abruptly ended deal talks, negotiations between the two sides have resumed, three people familiar with the situation said Tuesday.
Paramount — the parent company of CBS, MTV and Nickelodeon — and Skydance, the up-and-coming movie studio that helped produce “Top Gun: Maverick,” called off talks in June just before a scheduled vote on a merger. While the two sides had agreed on economic terms, Shari Redstone, Paramount’s controlling shareholder through its parent company, National Amusements, had clashed with Skydance in the final weeks of negotiations.
National Amusements is now once again talking with Skydance about a possible deal. It was not immediately clear on what terms the two might consummate a deal.
This is a developing story. Check back for updates.
Benjamin Mullin reports on the major companies behind news and entertainment. Contact Ben securely on Signal at +1 530-961-3223 or email at benjamin.mullin@nytimes.com. More about Benjamin Mullin
Lauren Hirsch joined The Times from CNBC in 2020, covering deals and the biggest stories on Wall Street. More about Lauren Hirsch
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