Sources Say David Ellison’s Skydance Media Is Exploring Deal to Buy All of Paramount Global

David Ellison’s Skydance Media and its financial backers are exploring a deal to take private all of Paramount Global, people familiar with the matter told CNBC.

Skydance, the film and TV studio run by Ellison, has exchanged preliminary information with Paramount, said the people, who asked not to be named because the deal talks are private. Full due diligence hasn’t started, the people said.

Skydance has been working with private equity firms RedBird Capital Partners and KKR & Co.
on a deal to buy National Amusements, the holding company owned by Shari Redstone. It controls 77% of Paramount’s voting stock.

Read the source article at CNBC