Skydance Media Offers $1.75B to Buy Paramount

David Ellison's Skydance Media has made a second offer to acquire National Amusements, the company holding 77% of Paramount Global's voting stock, for $1.75 billion, aiming to merge with Paramount. The deal, following a previous failed agreement, is under evaluation by a special committee. Media mogul Shari Redstone, controlling National Amusements, has shown a willingness to sell to Ellison, recognizing his Hollywood success. The potential acquisition signals a significant shift in Paramount's ownership structure, impacting its future direction and operations. Paramount's stock surged on the news, reflecting market optimism about the deal's potential outcome.