Paramount tycoon Shari Redstone pulls the plug on proposed Skydance merger

National Amusements, the vehicle that owns Shari Redstone's controlling stake in Paramount, said it had been unable to reach mutually acceptable terms with Skydance Media. The prospect of a blockbuster deal has loomed large over the firm for months. Bob Bakish, its chief executive, departed abruptly in April following reports of tensions with Redstone. The media tycoon behind Paramount Pictures pulled the plug on a proposed multibillion-dollar merger, after months of negotiations over the storied Hollywood ...