Paramount Global owner calls off merger talks with Skydance Media

NEW YORK — National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended talks on a possible merger of Paramount with movie production company Skydance Media.

Robert Fishman, an analyst with MoffettNathanson, said the deal's collapse leaves Paramount with the same problems that have long weighed it down, and few prospects for an infusion of cash or new ideas to help turn things around.“Ms.

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Paramount Global Directors Back Merger With Ellison’s SkydanceParamount Global directors evaluating a bid for the film and TV giant endorsed a takeover offer by independent producer David Ellison, according to a person familiar with the situation, moving the storied Hollywood studio closer to a sale.
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