Top Of The Mountain: David Ellison's Skydance Taking Over Paramount In $8 Billion Deal

David Ellison's Skydance Media has announced it and its backers will invest $8 billion in a takeover of Paramount Global, capping a seven-month quest. The company had received approval earlier Sunday from a special committee of Paramount's board of directors. The full board then OK'd the plan for a two-step transaction. First the acquisition of National Amusements Inc., the entity run by Shari Redstone that had controlled almost 80% of Paramount voting shares. That transaction will be followed by a full mer ...