Paramount Stock Surges on Reports of New Skydance Deal

Paramount Global shares surged 8% in after-hours trading after reports it had reached a preliminary deal to combine with Skydance Media.

Barron's20:35 ET

After-hours trading, Paramount Global (PARA.US) rose by 10 percent at one point, and its parent company reached a preliminary merger agreement with Skydance.

According to the Zhicheng Finance & Economics APP, it was reported that National Amusements, the parent company of Paramount Universal (PARA.US), has reached a preliminary agreement on the merger of Paramount and Skydance Media. The deal was broken last month. It is reported that Skydance, led by David Ellison, will acquire National Amusements, the family holding company of Shari Redstone, and merge with Paramount, a media giant controlled by National Amusements.

Zhitong Finance20:10 ET

Paramount and Skydance Are Back on With a Preliminary Merger Deal, WSJ Reports

By Bill Peters National Amusements, Paramount's controlling company, last month reportedly ended talks with Skydance The on-again, off-again courtship between Shari Redstone, Paramount Global Inc. a

MarketWatch18:52 ET

Skydance, NAI Come to New Deal on Paramount Merger - WSJ

Seeking Alpha18:24 ET

Skydance Reaches New Deal With Redstone's National Amusements -- WSJ

By Jessica Toonkel and Lauren Thomas Skydance Media has reached a preliminary agreement to buy Shari Redstone's family company National Amusements and merge with Paramount Global, rekindling deal tal

WSJ18:15 ET

National Amusements to Recommend Paramount Special Committee Review Potential Merger Between Skydance and Paramount, Sources Say --WSJ

National Amusements to Recommend Paramount Special Committee Review Potential Merger Between Skydance and Paramount, Sources Say --WSJ

Dow Jones18:09 ET