Special committee of Paramount Global endorses plan to merge with Skydance Media, source says

Tech scion David Ellison moved one step closer to gaining control of Paramount Global, with a special committee voting Sunday to support a merger with his Skydance Media, a source close to the deal told Reuters. The final deal could be announced as soon as Monday. The deal comes weeks after Redstone abruptly called off negotiations with Skydance on June 11. The vote comes on the heels of a preliminary agreement reached last week to sell National Amusements, which holds a controlling stake in Paramount, to E ...