From “CBS MarketWatch”:

Skydance Media is in talks for an all-cash offer to gain control of Paramount Global. The offer would merge Skydance with Paramount, with investors buying at least a majority stake in National Amusements. This move comes as the entertainment industry prepares for more consolidation, pressure for streaming profits, and changes in the movie-theater business. Reports also indicate interest from Warner Bros. Discovery Inc. in combining with Paramount. Paramount stock was up 0.9% after hours, but is down about 30% over the past 12 months. The S&P 500, by comparison, has gained roughly 20% during the same period.



Read more: Skydance investors discussing two-part plan to merge with Paramount: report