Get the latest gossip

Paramount and Skydance have reached an $8 billion merger deal, report says

The agreement follows months of talks between the two media companies

CNBC reports that a committee of Paramount’s independent directors and Skydance’s buying group, which includes the private equity firms RedBird Capital Partners and KKR, have agreed to a deal. The deal is awaiting final approval from Shari Redstone, the head of National Amusements, the holding company which owns 77% of Paramount’s voting shares. Under the newly proposed deal, first reported by The Wall Street Journal, Skydance is set to acquire National Amusements for about $2 billion.

Get the Android app