Media Heiress Shari Redstone Halts Potential Paramount Global-Skydance Merger Deal

Media Heiress Shari Redstone Halts Potential Paramount Global-Skydance Merger Deal
Paramount Chairwoman Shari Redstone speaks on stage during the National Civics Day Event at Independence Visitor Center in Philadelphia, Pa., on Oct. 27, 2023 Tasos Katopodis/Getty Images
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National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, has called off merger talks with Skydance Media.

Skydance, founded by David Ellison in 2010, is known for co-financing blockbuster franchises such as “Mission: Impossible” and “Top Gun.” The potential deal has drawn attention for weeks, but the two sides have not been able to reach mutually acceptable terms for the merger.

Jessamyn Dodd
Jessamyn Dodd
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Jessamyn Dodd is an experienced TV news anchor, reporter, and digital journalist covering entertainment, politics, and crime.