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Paramount stock plummets after Shari Redstone kills Skydance deal

Shari Redstone, who controls Paramount through her family's holding company National Amusements, has ended merger talks with Skydance Media, according to the Wall Street Journal.

No Deal: Shari Redstone Ends Talks On Skydance Offer for Paramount Global

No deal. Shari Redstone has ended talks on the latest offer for Paramount Global from the consortium led by Skydance and RedBird Capital, placing the future of the entertainment company into a fresh period of uncertainty, a source confirms to The Hollywood Reporter. A spokesperson for the Redstone-run National Amusements, which controls Paramount, stated that …

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