Official announcements from National Amusements Inc. or Skydance Media

National Amusements Ends Talks with Skydance on $2.25 Billion Paramount Deal

Jun 11, 2024, 07:46 PM

Shari Redstone’s National Amusements Inc. (NAI) has decided to stop discussions with David Ellison's Skydance Media regarding a potential deal for Paramount Global. This decision, confirmed by sources familiar with the matter, marks a significant turn in the negotiations that were nearing the finish line. The talks were focused on a potential merger or acquisition involving Paramount Global, which is controlled by the Redstone family. Additionally, Shari Redstone is offering to sell a stake in the parent company of Paramount Global for $2.25 billion.