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National Amusements and Paramount Global Close to Setting an Exclusive Window for Acquisition Talks with Skydance Media

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variety.com

Cynthia Littleton Business Editor Paramount Global and its parent company are moving closer to an agreement with Skydance Media for an exclusive window for acquisition negotiations as Shari Redstone and David Ellison inch toward a deal to bring their companies together in a three-way transaction.

The New York Times on Tuesday reported on the rumors that have been swirling around Hollywood for the past few days. Representatives for Redstone and National Amusements and Skydance declined to comment.

A source said the sides have discussed establishing 30-day window for exclusive talks in an effort to come to a decision one way or another after months of discussions. RELATED CONTENT: What’s Next for Paramount Global?

Shari’s Preferred Path Emerges The path forward for Paramount appears to be slowly coming into focus around a complicated deal that would call for Skydance to acquire National Amusements, which is privately held and controlled by Redstone.

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