Paramount Global and its parent company are moving closer to an agreement with Skydance Media for an exclusive window for acquisition negotiations as Shari Redstone and David Ellison inch toward a deal to bring their companies together in a three-way transaction.
The New York Times on Tuesday reported on the rumors that have been swirling around Hollywood for the past few days. Representatives for Redstone and National Amusements and Skydance declined to comment. A source said the sides have discussed establishing 30-day window for exclusive talks in an effort to come to a decision one way or another after months of discussions.
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