Paramount Global and Skydance Media are moving forward with exclusive talks regarding a potential merger deal, with Paramount's stock ($PARA) experiencing a notable increase of over 14% and a 2.9% pre-market rise. Shari Redstone, controlling shareholder of Paramount, has reached a tentative agreement to sell her stake to Skydance, led by David Ellison. This exclusive merger discussion is set for 30 days, during which Paramount won’t entertain any offers from other companies. Despite the positive market response, Paramount shares were briefly down 2.3% after the announcement. The merger talks have sidelined a $26-billion offer from Apollo Global Management, giving Skydance a significant advantage. High-profile involvement includes Tom Cruise, who owns a large stake in Skydance Media.
Skydance and Shari Redstone in exclusive talks over Paramount deal https://t.co/xJ7t4Bwxvs
Paramount Global Stock Jumps Over 14% as Skydance Sets Exclusivity Window in Merger Talks https://t.co/e7pAonom2w
🚨PARAMOUNT TURNS DOWN $26-BILLION TO MERGE WITH TOM CRUISE Paramount Global has entered exclusive talks with Tom Cruise’s Skydance, sidelining Apollo Global Management's substantial cash offer. The decision grants Skydance a critical advantage in securing a merger, as concerns… https://t.co/CsJ39ju5FO
🚨🇺🇸 TOM CRUISE BUYS PARAMOUNT? Shari Redstone, the controlling shareholder of media giant Paramount Global, has reached an agreement to sell her stake in the company to Skydance Media, owned largely by Tom Cruise. Source: Reuters https://t.co/YURQOv0Mto
Redstone, Skydance strike tentative deal for Paramount stake, Bloomberg News reports https://t.co/IWx3fJukaY https://t.co/KaXB7e9hRn
🚨🇺🇸 TOM CRUISE BUYS PARAMOUNT Shari Redstone, the controlling shareholder of media giant Paramount Global, has reached an agreement to sell her stake in the company to Skydance Media, owned largely by Tom Cruise. Source: Reuters https://t.co/aPyWcpHg3p
🚨🇺🇸 TOM CRUISE BUYS PARAMOUNT Shari Redstone, the controlling shareholder of TV giant Paramount Global, has reached an agreement to sell her stake in the company to Skydance Media, owned largely by Tom Cruise. Source: Reuters https://t.co/2wPVGpADLE
Paramount Global Stock Price Soars as Skydance Media Deal Talks Progress https://t.co/AshglYOeXe
$PARA spikes at the close after entering into exclusive talks with Skydance The deal in question would involve Skydance buying National Amusements and merging with Paramount https://t.co/ObcwZPKFqb
BREAKING: Media bankers say that a white knight can still emerge in the @Skydance - @RedBirdCap bid for Shari Redstone's stake in National Amusements given the wonky nature of the deal on the table that doesnt clearly compensation common shareholders of @paramountco. As such,…
Paramount Global Stock Pops as Redstone Engages in Exclusive Sales Talks with Skydance Media https://t.co/E3iduFIaJ7
Paramount, Skydance Set Exclusive Negotiating Window For Merger Talks https://t.co/hOT09jYDts
⚠️ REDSTONE, SKYDANCE STRIKE TENTATIVE DEAL FOR PARAMOUNT STAKE, BLOOMBERG REPORTS Full Story → https://t.co/4w3vPSn9b7 Shari Redstone, the controlling shareholder of TV giant Paramount Global, has reached a tentative agreement to sell her stake in the company to David… https://t.co/tYLdvicEMQ
Bloomberg: Shari Redstone, the controlling shareholder of film and TV giant Paramount Global, has reached a tentative agreement to sell her stake in the company to David Ellison’s Skydance Media, people with knowledge of the situation said. https://t.co/BtDqR4992T
Shari Redstone, the controlling shareholder of film and TV giant Paramount Global, has reached a tentative agreement to sell her stake in the company to David Ellison’s Skydance Media, people with knowledge of the situation said. https://t.co/0ZDPnAHD5h
*REDSTONE, SKYDANCE STRIKE TENTATIVE DEAL FOR PARAMOUNT STAKE
Paramount and Skydance Are Getting Closer to a Merger Deal https://t.co/dyaZTLjtAS
Deal Talks Between Paramount and Skydance Heat Up https://t.co/CEgJd9RZLM https://t.co/kMiko6ndO7
PARAMOUNT GLOBAL SHARES DOWN 2.3% AFTER REPORT CO AND SKYDANCE ENTER EXCLUSIVE TALKS TO MERGE
A deal between Paramount and Skydance is potentially one step closer to happening https://t.co/y41Cnlnp0z
Paramount, Skydance Enter Exclusive Talks to Merge $PARA https://t.co/Yq6eoilpUX
PARAMOUNT, SKYDANCE ENTER EXCLUSIVE TALKS TO MERGE- WSJ
$PARA Paramount, Skydance Enter Exclusive Talks To Merge - WSJ https://t.co/J1M7OPPygp
Paramount $PARA and Skydance Media have agreed to go into exclusive merger discussions - WSJ Under the agreement, Paramount won’t entertain any offers from other companies for 30 days while the two firms try to work out a deal - WSJ
Paramount, Skydance Enter Exclusive Talks to Merge -- WSJ $PARA
Paramount Global board discusses exclusive sale talks with Skydance: report https://t.co/OV0TkzyzHj https://t.co/GqityqVcwW
The founder of the Skydance media company met with Paramount’s board of directors late last month to discuss entering into a potential deal. https://t.co/wG6NgE8lmy
$PARA (+2.9% pre) Paramount gains amid report of advancing talks with Skydance - SA https://t.co/YRDBpZZMvN
National Amusements and Paramount Global Close to Setting an Exclusive Window for Acquisition Talks with Skydance Media https://t.co/8zIrA9oMv8 via @variety
National Amusements and Paramount Global Close to Setting an Exclusive Window for Acquisition Talks with Skydance Media https://t.co/Ytcm2y7IjV
Paramount shares rise on report it’s considering exclusive sale talks with Skydance https://t.co/UFltQx6d3W
Paramount, Skydance Circling Exclusivity Talks in Acquisition Deal | Report https://t.co/kLzL7NTsiR
Breaking News: Paramount is getting one step closer to a potential sale. It is said to be discussing the terms of exclusive talks with the studio Skydance. https://t.co/Opvxh2GdSR
Deal Talks Between Paramount And Skydance Heat Up - @nytimes https://t.co/aUNICS1Sgr
PARAMOUNT HAS BEEN DISCUSSING ENTERING INTO EXCLUSIVE TALKS WITH THE MEDIA COMPANY SKYDANCE FOR A POTENTIAL DEAL- NYT