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Paramount’s rumored merger with Skydance is off

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Following weeks of discussions, Paramount’s potential merger deal with Skydance has fallen apart, as reported earlier by The Wall Street Journal. Discovery emerged last year, and in addition to Skydance, a couple of other suitors have popped up since then, including Apollo Global Management, Sony, and Byron Allen. Paramount replaced Bakish with a new Office of the CEO consisting of three other executives: Chris McCarthy, Brian Robbins, and George Cheeks.

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