Paramount Agrees To Merger Terms With Skydance, Private Equity: Report

A cyclist passes by signage outside the Paramount lot in Los Angeles. .

Paramount Global and its controlling shareholder, the Redstone family’s National Amusements, reportedly have agreed to terms of a deal that would combine Paramount with Skydance Media, which is backed by private equity.

According to CNBC, Shari Redstone would receive $2 billion for National Amusements, which has 77% of the voting power over Paramount.