Paramount and Skydance Reignite Merger Talks with New Agreement

The deal, valued at $1.75 billion, includes a 45-day window for other potential offers and aims to stabilize Paramount's financial health.

Paramount shares rose nearly 9% following news of the renewed merger talks.
The merger would see Skydance acquire National Amusements, which controls 77% of Paramount's voting shares.
A special committee of Paramount's board is reviewing the deal, which includes a $1.5 billion cash infusion for debt reduction.
The agreement features stronger indemnification terms to protect Shari Redstone from shareholder litigation.
Other potential buyers, such as Apollo Global Management and Sony Pictures, have shown interest in parts of Paramount.