From CNBC:

During the WSJTECH live conference in California, Shari Redstone discussed potential changes to the media landscape as larger streaming companies become more dominant. Skydance Media is considering taking Paramount Global private with the backing of private equity firms. This potential deal is contingent on merging Skydance with Paramount and could significantly impact the future of the media industry.

No acquisition is guaranteed, and talks could fall apart at any time. Redstone must also consider the possibility of a different premium for selling National Amusements than remaining shareholders of Paramount Global would obtain. This fact, along with the substantial additional capital needed to acquire Paramount, adds complexity to the potential deal.

Warner Bros. Discovery has also held preliminary discussions about acquiring Paramount Global. If Redstone sells to Skydance, one potential factor behind her decision is her fear that Warner Bros. Discovery would prefer to merge with Comcast’s NBCUniversal instead, according to unnamed sources familiar with the matter.

Reports have indicated that Skydance is interested in an acquisition deal, and significance of these discussions is to be determined. Paramount Global has yet to comment on the possibility of such a deal, or other discussions around potential acquisition or merger deals being made by the company.



Read more: David Ellison’s Skydance Media explores buying Paramount Global