Published on 31 May 2024 on Reuters via Yahoo Finance
(Reuters) -A special committee of Paramount Global's board agreed to recommend a deal with Skydance Media, the Wall Street Journal reported on Friday, citing people familiar with the matter.
A potential deal could end months of speculation over the media giant's fate. Reports on a takeover offer from Skydance Media and a consortium of Apollo Global Management and Sony Pictures, and another $30 billion bid from media entrepreneur Byron Allen have left the stock see-sawing for months.