Back In Business: Skydance And Shari Redstone Reach Terms On New Merger Proposal For Paramount

In a stunning reversal, David Ellison's Skydance Media and Paramount Global controlling shareholder Shari Redstone have returned to the M&A altar. The WSJ reported that Skydance and National Amusements also have agreed to a 45-day "go-shop period," during which other interested Paramount bidders can make offers. Skydance has been pursuing a deal for more than six months. In more recent weeks, investment groups led by Edgar Bronfman, Barry Diller and producer Steven Paul have emerged as interested parties. P ...