Paramount Global Nears Sale to Skydance Media in Strategic Shift

The potential deal, valued at $5 billion, aims to enhance Paramount's streaming and franchise management amidst industry challenges.

Paramount Global and Skydance Media are in exclusive negotiations for a sale valued at around $5 billion, signaling a major shift in ownership and strategic direction.
Shari Redstone's National Amusements, controlling shareholder of Paramount, could receive over $2 billion in the initial transaction phase, with further negotiations focusing on merging the entities.
The deal could dilute ownership for nonvoting shareholders but promises greater flexibility in managing Paramount's key franchises and streaming services.
Charter Communications' ongoing negotiations with Paramount and a nearly $1 billion expected write-down highlight the financial pressures facing the media giant.
Skydance's proposal includes raising new equity and potentially gaining a substantial ownership stake, with Oracle co-founder Larry Ellison providing significant support.