Shari Redstone has taken a major step in her quest to sell her troubled Paramount Global media empire, agreeing to enter an exclusive M&A negotiating window with David Ellison and his Skydance Media.
Citing numerous unnamed sources, The New York Times reported Tuesday that Redstone's National Amusements, Paramount's parent company, was prepared to enter exclusive talks with Skydance, and The Wall Street Journal reported Wednesday that the decision had been made to make it happen.
