WBD - Paramount Skydance Reportedly In Merger Discussions | Benzinga
As media companies scramble to reduce costs and increase profitability, a new potential suitor has emerged with interest in buying Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) parent-company National Amusements.
What Happened: According to a report from the Wall Street Journal, Skydance Media CEO David Ellison and other Skydance investors are discussing an all-cash bid for a majority stake in Paramount’s parent company, National Amusements. The two-part deal would also ...