Shari Redstone’s National Amusements Says Paramount-Skydance Deal is Dead

Shari Redstone.

National Amusements Inc., the Redstone family holding company that owns a controlling interest in Paramount Global, said Tuesday it will not be doing a deal with Skydance Media after all.

The company statement said that Shari Redstone and National Amusements “have not been able to reach mutually acceptable terms regarding the potential transaction with Skydance Media for the acquisition of a controlling stake in NAI.”