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National Amusements and Paramount Global Close to Setting an Exclusive Window for Acquisition Talks with Skydance Media
National Amusements and Paramount Global are close to setting an exclusive window for acquisition talks with David Ellison's Skydance Media.
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. The uncertainty around the company’s future is becoming a handicap for Paramount as it looks to cut deals with creative talent and other business partners. It’s also taken a toll on Paramount’s stock price, which closed Tuesday at $11.76, giving the company a market cap of $8 billion.
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