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Just as Paramount’s controlling shareholder and Skydance abruptly terminated deal negotiations. Three people familiar with the matter said on Tuesday that talks between the two sides have resumed.
Paramount Pictures (parent of CBS, MTV and Nickelodeon) and Skydance Pictures (which helped produce “Top Gun: Maverick”) called off talks before a vote on a merger in June. Although the two sides had agreed on economic terms, Shari Redstone, a controlling shareholder of Paramount Pictures through its parent company National Amusements, said: Conflict with Skydance in the final weeks negotiation.
National Amusements is currently in talks with Skydance about a possible deal again. It is not clear at this time what terms the two sides would reach a deal under.
This is a developing story. Please check back for updates.
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