$Paramount Global-B (PARA.US)$ Paramount Global shares are s...

$Paramount Global-B (PARA.US)$ Paramount Global shares are surging in premarket trading Wednesday as reports emerge that the media conglomerate has tentatively agreed to a merger with Skydance Media.

Under the reported deal, Skydance would acquire National Amusements—the holding company owned by Shari Redstone that controls about 77% of Paramount’s voting shares—then merge with Paramount.