UPDATING:
Jessica Tonkel of the Washington Post says talks to merge Shari Redstone’s National Amusements aka Viacom, the company that owns Paramount and CBS, have “stopped.”
There was a vote going to merge NAI with David Ellison’s Skydance. It was presumed until the meeting that it was all going to happen.
But as in “Succession,” nothing goes to plan. So discussions have “stopped.” WSJ gets a big scoop. But it’s bad news for Paramount. If they can’t make deal here, and go back to a Sony deal, the company will be pulled apart and sold for junk. (See Time Inc.)
More to come…keep refreshing…
