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Tags: skydance media | shari redstone | national amusements

Skydance Media Reaches Deal With Redstone's National Amusements

Skydance Media Reaches Deal With Redstone's National Amusements
Shari Redstone (AP)

Tuesday, 02 July 2024 07:28 PM EDT

Skydance Media has reached a preliminary agreement to buy Shari Redstone's family company National Amusements and merge with Paramount Global, the Wall Street Journal reported Tuesday.

Shares of Paramount were up 9% in after-hours trading.

Redstone's National Amusements plans to refer the new deal to a Paramount special committee for review, the report said, citing people familiar with the matter.

Skydance will pay $1.75 billion for National Amusements as part of the deal, the report said.

Paramount declined to comment, while National Amusements and Skydance did not immediately respond to Reuters request for comment. 

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Skydance Media has reached a preliminary agreement to buy Shari Redstone's family company National Amusements and merge with Paramount Global, it was reported Tuesday. Shares of Paramount were up 9% in after-hours trading. Redstone's National Amusements plans ...
skydance media, shari redstone, national amusements
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2024-28-02
Tuesday, 02 July 2024 07:28 PM
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