Paramount Could Soon See Billions Spent To Rebuild The Company Under New Leadership
Over the last week, news has been flying that Paramount is getting closer to a deal to be sold to or merge with Skydance . This comes as, for months now, Paramount has been in talks with multiple companies for a potential sale or merger. This includes talks with Warner Bros. Discovery, Appollo Global Management, and others. Some of these talks have gone well others like Warner Bros. Discovery have walked away from a possible merger with Paramount. A few days ago Bloomberg reported that a tentative deal has been reached between Paramount and Skydance for a deal that would see the companies merge and Skydance would take a stake in Paramount. Now Bloomberg says that if the deal happens, David Ellison will become the new head of the combined Paramount. He also reportedly plans to spend billions to rebuild Paramount. Before this could happen though Paramoutn and Skydance media would need to merge. This comes after last week Variety reported that Paramount Global has turned down