Skydance allegedly reaches new deal with National Amusements

Skydance Media has supposedly rekindled talks that came to a halt last month by reaching a preliminary deal to purchase National Amusements, owned by Paramount Global's controlling shareholder Shari Redstone the Wall Street Journal reported.

The back-and-forth deal would have Skydance merge with Paramount Global and National Amusements allegedly plans to refer the new agreement to a Paramount special committee of its board for review, according to people familiar with the matter cited by the news agency.

Paramount's stock rose 8% after-hours at 12:57 am CET to go for $11.55 per share.

Baha Breaking News (BBN) / KA