The Latest Breaking News from Skydance

Paramount chair Shari Redstone is set to receive $180 million in severance pay following Skydance's acquisition of the movie company.

Canadian media mogul proposed $4.3B for the company a week ago

Paramount's board, through its special committee, confirmed the conclusion of the "go shop" period.

David Ellison's Skydance is reportedly demanding that Paramount stop its negotiations with Edgar Bronfman Jr. after the latter improved his bid to acquire the entertainment titan.

Entertainment giant Paramount Global is extending by 15 days a period where it’s allowed to assess alternative offers to its merger agreement with Skydance so that it can review a proposal from Edgar Bronfman, Jr. Paramount said late Wednesday that the “go shop” period for Bronfman will be extended until…

Bronfman's latest offer includes $3.2 billion in funds that could be used to reduce Paramount's debt or to buy non-voting shares from investors.

Veteran media executive’s bid would scupper Hollywood media empire’s planned merger with Skydance Media

Shari Redstone’s National Amusements gets $2.4 billion

The bid also covers a $400 million breakup fee, which would be necessary to terminate a competing agreement that Paramount Global had previously entered into.