Skydance Media and National Amusements Inc. Reach New Merger Agreement for Paramount Global

In a holiday week shocker, Skydance Media and Shari Redstone’s National Amusements Inc. have queitly renewed acquisition talks and reached a tentative acquisition agreement for Paramount Global. That deal will now be reviewed by Paramount Global’s special committee of the board of directors that has steered the media giant through its roller-coaster ride of M&A activity and speculation since late last year. The new deal with David Ellison’s Skydance Media and Gerry Cardinale’s RedBird Capital is believed to include a 45-day period in which Paramount and NAI have the right...