Paramount Stock Lags After Shari Redstone Kills Skydance Deal

Key Takeaways Paramount Global shares were little changed Wednesday, a day after tumbling following reports controlling shareholder Shari Redstone had called off monthslong merger talks with Skydance Media. The news came shortly before a committee of Paramount directors was set to vote on the merger. Redstone is said to be considering selling National Amusements, the holding company through which she controls Paramount, instead of pursuing a merger. Paramount Global (PARA) missed out on a CPI-fueled stock r ...