$Paramount Global-B (PARA.US)$ special committee of Paramoun...

$Paramount Global-B(PARA.US)$ special committee of Paramount's board members voted in favor of a merger with Skydance, the studio run by David Ellison, son of Oracle Corp.'s (ORCL) co-founder Larry Ellison.

As expected after months of talks, Skydance would buy National Amusements, Shari Redstone's company that controls Paramount. Then, Skydance and Paramount would merge.