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817 Paramount agrees to sweetened Skydance merger deal

The Verge
Jess Weatherbed @ The Verge · 07/08/2024 07:46 EDT

Paramount agrees to sweetened Skydance merger deal

Skydance founder David Ellison is set to become Paramount’s new chairman and chief executive. | Brian van der Brug / Los Angeles Times via Getty Images


Paramount Global has agreed to merge with Skydance Media in a deal that will see the joint enterprise, dubbed “New Paramount,” valued at approximately $28 billion.
As part of the two-step agreement announced on Sunday, Paramount Chair Shari Redstone (the daughter of Sumner Redstone) will sell National Amusements — which holds her family’s controlling

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