Paramount shares pop 9% on news of preliminary Skydance Media deal

Paramount shares surged 9% in after-hours trading Tuesday after reports emerged that David Ellison's Skydance had reached a preliminary deal to acquire the media company's controlling shareholder, National Amusements, and thus control of Paramount. National Amusements, the Redstone family's holding company, has referred the deal to the Paramount special committee, which is tasked with reviewing bids for the company, the Journal reported citing people familiar with the matter. Other interested bids included ...