The on-again, off-again dance between David Ellison's Skydance Media, Gerry Cardinale's RedBird Capital, and Shari Redstone's National Amusements Inc.
The on-again, off-again dance between David Ellison's Skydance Media, Gerry Cardinale's RedBird Capital, and Shari Redstone's National Amusements Inc. over the ownership fate of Paramount Global appears to be on in a very big way – with The New York Times and Wall Street Journal reporting that acquisition talks have resumed and that a tentative agreement is in place.
A little more than a week later, Redstone would apparently pull the plug on the deal – with Paramount Global's CEO trio of George Cheeks, Chris McCarthy, and Brian Robbins moving forward with alternative plans to right the company's financial situation. Experts listed the value of the original deal before negotiations broke off at approximately $8 billion—a significant increase from Skydance's previous offer of approximately $5 billion.
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