Entertainment
Redstone Has Tentative Deal to Sell Paramount Stake to Skydance
- Redstone is the controlling shareholder of Paramount
- Ellison’s Skydance has partnered on films with famed studio
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Paramount Global, the parent of CBS and MTV, is getting closer to a deal to merge with independent producer David Ellison’s Skydance Media.
Shari Redstone, Paramount’s controlling shareholder, has reached a tentative agreement to sell her stake to Skydance, people with knowledge of the situation said. In addition, Paramount and Skydance have agreed on the broad framework of a deal to combine, according to the people, and will use a 30-day window of exclusive talks to work out the details.