Paramount agrees to merger with Skydance

Paramount Global and Skydance Media have reached a deal to merge the two media companies together, according to a Sunday joint statement. The proposed merger comes after reports of renewed talks between the two companies emerged earlier in the month and after months of interest from various potential bidders.Paramount Global and David Ellison’s Skydance Media said the merger will occur in two steps. According to the companies, the Skydance Investor Group will pay $2.4 billion for