Shari Redstone in Talks to Sell Paramount to Skydance

Deal could see Skydance acquire Paramount's movie assets, potentially selling off TV properties

Shari Redstone, media mogul and daughter of late Paramount boss Sumner Redstone, is reportedly in talks to sell controlling interest in Paramount parent National Amusements to Skydance, a media and entertainment company led by David Ellison, son of Oracle founder Larry Ellison.
Skydance, known for producing Paramount blockbusters such as “Mission: Impossible — Dead Reckoning,” “Transformers: Rise of the Beasts” and “Top Gun: Maverick,” is primarily interested in Paramount’s intellectual property and its movie studio.
Reports suggest that Skydance may look to sell off Paramount's TV assets, including CBS, MTV and Nickelodeon, if a deal is reached.
Redstone had previously held talks with Amazon, Apple and Netflix earlier this year.
The potential sale comes as traditional TV companies struggle to compete in the streaming age, with Paramount Global's rich library being a potential draw for media companies.