National Amusements Strikes Preliminary Deal To Sell Paramount Stake To Skydance Media

Paramount’s parent company, National Amusements, has come to a tentative deal with Skydance (Credit: Pixabay)

Shari Redstone's National Amusements has reached a preliminary agreement to sell its controlling stake in Paramount Global to David Ellison's Skydance Media, according to a report.

Paramount had reportedly stopped merger talks with Skydance in June following the intervention of National Amusements.