Reported 11 months ago
Shari Redstone abruptly halted negotiations with David Ellison's Skydance Media for the potential sale of a controlling stake in Paramount Global, ending a $2.25 billion deal that involved National Amusements. Redstone, Paramount's largest shareholder, called off discussions just as an agreement seemed near. The deal would have merged Paramount with Skydance but fell apart over undisclosed issues. Two other interested parties emerged after the collapse, leading to uncertainty about Paramount's future.
Source: YAHOO