Skydance Media Gets Board Committee Approval For Control Of Paramount Global After Lengthy Chase
Paramount (PGRE) Deadline·2024-07-07 20:49
David Ellison's Skydance Media has gained a key approval vote for the company's proposed acquisition of Paramount Global controlling shareholder National Amusements Inc. after seven months of talks. Reps from NAI, Paramount and Skydance did not immediately respond to Deadline's request for comment. Less than a month ago, it seemed that any hope of the parties reaching a deal had evaporated. Redstone pulled out of a planned deal at the 11th hour over concerns regarding her net proceeds and exposure to shareh ...