Paramount Global Set to End Negotiations With Skydance Media
Paramount Global (
PARA
) will end its exclusive talks with Skydance Media without reaching a deal, according to the New York Times. A special committee of Paramount's board evaluated the company's options, but some shareholders were critical of the deal.
Sony Pictures Entertainment and Apollo Global Management have expressed interest in acquiring Paramount (
PARA
) for $26 billion in an all-cash offer. Shares of the media giant Plummets 7% in extended trading.
PARA
) will end its exclusive talks with Skydance Media without reaching a deal, according to the New York Times. A special committee of Paramount's board evaluated the company's options, but some shareholders were critical of the deal. Sony Pictures Entertainment and Apollo Global Management have expressed interest in acquiring Paramount (
PARA
) for $26 billion in an all-cash offer. Shares of the media giant Plummets 7% in extended trading.
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