After months of negotiations, Supremecontrolling shareholder Shari Redstone has interrupted merger negotiations with David Ellison‘s sky danceaccording to the WSJ.
The two sides have been in deep discussions during and after a month-long exclusive negotiation period and Redstone at one point favored the deal, which called for Skydance to acquire its family holding company NAI, which controls Paramountt, and would then see Par and Skydance merge. .
As of this weekend, talks were intense, but there were some major sticking points, one of them being over which party would take on legal responsibilities in the event of shareholder lawsuits.
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