In a holiday week shocker, Skydance Media and Shari Redstone’s National Amusements Inc. have quietly renewed acquisition talks and have reached a tentative agreement to acquire Paramount Global.
That deal will now be reviewed by Paramount Global’s special committee of its board of directors that has steered the media giant through its roller coaster ride of M&A activity and speculation since late last year. The new pact with David Ellison’s Skydance Media and Gerry Cardinale’s RedBird Capital is believed to include a 45-day period in which Paramount and NAI, which owns Redstone’s controlling share in Paramount, have the right to shop around for a bidder to match the
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