Reported 12 months ago
Paramount Global shares are surging in premarket trading as reports suggest a resumed deal with Skydance Media, in which Skydance would acquire National Amusements and merge with Paramount. The deal involves Skydance paying $4.5 billion for half of Paramount's controlling shares and focusing on Paramount's debt issues. The potential sale marks the end of a lengthy negotiation period with multiple suitors and could lead to a 45-day 'go shop' period for alternate offers.
Source: YAHOO