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Back In Business: Skydance And Shari Redstone Reach Terms On New Merger Proposal For Paramount

In a stunning reversal, David Ellison's Skydance Media and the Shari Redstone-controlled Paramount Global are back at the altar.

A special committee of Paramount’s board of directors, which was formed to evaluate strategic options for the troubled media company, is currently reviewing the updated deal terms, according to the source. The WSJ reported that Skydance and National Amusements also have agreed to a 45-day “go-shop period,” during which other interested Paramount bidders can make offers. In more recent weeks, investment groups led by Edgar Bronfman, Barry Diller and producer Steven Paul have emerged as interested parties.

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