Skydance Media purchases controlling stake in Paramount for $1.75 billion, stock surges.

From Investing.com: 2024-07-03 05:43:34

Shari Redstone’s National Amusements is selling a controlling stake in Paramount Global to Skydance Media for $1.75 billion. Paramount, known for films like “Titanic” and “The Godfather,” will merge with Skydance. Paramount’s stock surged after the news. National Amusements had previously failed negotiations but this time, approval from a special committee is needed.



Read more at Investing.com: Skydance reaches fresh deal to take controlling stake in Paramount