Skydance Media and National Amusements Reignite Acquisition Talks for Paramount Global

Skydance Media and National Amusements Reignite Acquisition Talks for Paramount Global

In a surprising twist, David Ellison's Skydance Media and Shari Redstone's National Amusements Inc.

Have rekindled discussions to acquire Paramount Global, navigating turbulent merger and acquisition activities since late last year.

The New York Times and Wall Street Journal first reported the renewed talks, following a previous breakdown in June over concerns about the feasibility of a $6 billion deal.

Recent developments hint at a new agreement allowing a 45-day period for Paramount and National Amusements to explore competing bids matching Skydance's terms. Paramount Global's shares, which have struggled this year, saw a positive market reaction to the news.

Skydance aims to leverage Redstone's controlling stake in Paramount, while National Amusements seeks to avoid prolonged litigation and shareholder uncertainty.

The industry watches closely as this 45-day window could chart a decisive course for Paramount Global amidst swirling rumors and strategic shifts.