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Will Paramount Global enter new merger or acquisition talks by December 31, 2024?
5
Shari Redstone•National Amusements•David Ellison•Skydance Media•Paramount Global•Wall Street Journal•Redstone•Paramount•Hollywood
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements, press releases, and credible news sources
Story
National Amusements Ends Merger Talks with Skydance Media; Paramount Shares Drop
Jun 11, 2024, 08:09 PM
Shari Redstone's National Amusements has decided to end discussions with David Ellison's Skydance Media regarding a potential merger with Paramount Global. The decision, confirmed by multiple sources including the Wall Street Journal, marks the conclusion of months-long negotiations. Reports indicate that the termination of talks has led to a decline in Paramount Global's stock price, with shares trading lower under the ticker $PARA. Redstone had also offered to sell a stake in Paramount's owner for $2.25 billion. The end of these discussions has captivated Hollywood, as the merger was highly anticipated within the industry.
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Merge with another company • 25%
Acquired by Sony and Apollo • 33%
Acquired by another company • 33%
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Private Equity Firm • 25%
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Other • 25%
Yes • 50%
No • 50%
