The Paramount merger saga finally appears to be drawing to a close with Skydance Media ultimately winning out. Per The Wall Street Journal, Shari Redstone‘s National Amusements, the parent company of Paramount Global, has reached a preliminary agreement with David Ellison‘s banner to merge following a payment of $1.75 billion acquisition payment from Skydance. The deal will now be reviewed by the Paramount boards special committee before being finalized, though a 45-day go-shop provision built into the agreement will allow other bidders to potentially jump in and offer a better deal.
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