Paramount Global is hammering out the last details of an agreement to be purchased by Skydance Media in an $8 billion deal, according to multiple reports. FOX Business' Charlies Gasparino reported last week that Skydance and its backers were said to be in the final stages of negotiating the purchase of Paramount, and that a deal could be finalized in two weeks.
The reports of a deal come after Sony Pictures and private equity firm Apollo Global Management offered to buy Paramount in an all-cash deal, but sources told Gasparino that Paramount had become increasingly concerned that that proposal "would not pass regulatory muster." CONOCOPHILLIPS TO BUY MARATHON OIL IN $22.
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