Paramount and Skydance Are Said to Reach a Deal to Merge
What led Paramount and Skydance to resume merger talks?
Paramount and Skydance resumed merger talks due to a continued interest in a potential deal and ongoing negotiations between the two parties. Despite a previous breakdown in discussions, both sides have reached a preliminary agreement, which will still need approval from a special committee of Paramount's board of directors.
Who must approve the new preliminary deal between Paramount and Skydance?
The new preliminary deal between Paramount and Skydance must be approved by a special committee of Paramount's board of directors. This comes after the two sides had previously called off merger talks in June, but have since continued discussions.
What companies does Paramount own?
Paramount owns various companies, including CBS, MTV, Nickelodeon, Showtime Networks, BET Networks, and Paramount Television Studios6. Additionally, they have stakes in digital, distribution, and other media-related enterprises.