Paramount tycoon Shari Redstone pulls the plug on proposed Skydance merger

Paramount tycoon Shari Redstone pulls the plug on proposed Skydance merger

Firms unable to reach agreed upon terms amid speculation over future of the media empire behind CBS and MTV

The media tycoon behind Paramount Pictures pulled the plug on a proposed multibillion-dollar merger, after months of negotiations over the storied Hollywood giant.

National Amusements, the vehicle that owns Shari Redstone’s controlling stake in Paramount, said it had been unable to reach mutually acceptable terms with Skydance Media.

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