Paramount Agrees To Skydance Merger, Seemingly Ending Saga

Skydance and RedBird Capital Partners, its private equity backer, will pay $2.4 billion for National Amusements, along with$4.5 billion set to be paid to Paramount shareholders. Skydance and RedBird will also invest $1.5 billion toward Paramount's balance sheet, which currently holds billions in debt, bringing the total amount of capital involved in the deal to about$8.4 billion. "I am incredibly grateful to Shari Redstone and her family who have agreed to entrust us with the opportunity to lead Paramount ...