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Paramount and Skydance squeak closer to merger deal

Shari Redstone walked away last month, but returned to the table with her National Amusements company

Paramount Pictures appears to be closer to finalizing a proposed multibillion-dollar merger, weeks after its controlling shareholder walked away from negotiations. Others who have expressed interest in National Amusements include film producer Steven Paul, Seagram heir Edgar Bronfman Jr and IAC’s Barry Diller. Paramount Global, formed when CBS merged with Viacom in 2019, has been hit hard by the decline of cable TV and the high cost of entering the streaming wars.

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