Reported about 1 year ago
David Ellison successfully acquired Paramount Global, which owns MTV and CBS, through his company Skydance Media. The merger was endorsed by Paramount's board and will involve acquiring National Amusements and merging Skydance with Paramount, effectively ending the Redstone family's four-decade stewardship of the media empire. The deal, which is pending final paperwork, followed revived negotiations after talks collapsed recently, with new terms including a higher valuation for National Amusements and stronger indemnification language for the Redstones.
Source: YAHOO