Shari Redstone's Decision to Halt Merger Talks with Skydance Revealed by Insider Source
Tuesday, 11 June 2024, 19:26
Shari Redstone Halts Skydance Talks
Media heiress Shari Redstone has made a surprising move by ending negotiations with David Ellison's Skydance Media.
Insider's Revelations
Redstone, Paramount's controlling shareholder, had been expected to sell her family's controlling stake in Paramount to Ellison as part of a $2.25 billion sale of the family's holding company, National Amusements.
This decision comes at a crucial juncture with the Paramount Global board preparing to vote on the proposed merger.
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