After more than six months of on-again-off-again talks, Shari Redstone has ended negotiations with David Ellison‘s Skydance Media about a prospective merger with Paramount Global.
Redstone is Paramount Global’s controlling shareholder through National Amusements Inc., which owns 77% of the voting shares in Paramount.
In a statement, Redstone’s NAI said, “National Amusements, Inc., the majority voting shareholder of Paramount Global, today announced that they havenot been able to reach mutually acceptable termsregarding the potential transaction withSkydance Mediafor the acquisition of a controlling stake in NAI.”
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