Skydance Media in Early Talks to Acquire Paramount Global

Potential All-Cash Deal Could Result in Merger of Two Entertainment Giants

Skydance Media, led by David Ellison and backed by his father, Oracle co-founder Larry Ellison, is in early talks to acquire National Amusements Inc., the company that controls Paramount Global.
The potential deal would involve an all-cash bid for a controlling stake in National Amusements, with the aim of merging Skydance with Paramount Global.
National Amusements, currently controlled by Shari Redstone, owns 77% of Paramount Global's voting shares and has a market capitalization of about $9.5 billion.
Paramount Global owns CBS, Nickelodeon, Comedy Central, MTV, and the Paramount+ streaming service, among other media assets.
The discussions are still in the early stages and may not result in an agreement.