Paramount Global and Skydance Media $8B Merger to be Extended by 90 Days

Skydance Media and Paramount Global’s (PARA.O), opens new tab $8 billion merger would be automatically extended by 90 days after its deadline of April 7 under the terms of the companies’ agreement.

Paramount’s controlling shareholder, Shari Redstone, struck a two-step deal in July to sell her stake in the Hollywood studio as part of the deal with David Ellison’s Skydance, a streaming-era upstart.

Read more at Reuters