Skydance talks for Paramount near finish line, but Redstone family decision looms

For more than a week, Paramount Global has been poised to accept David Ellison's bid for control of the troubled media company. But one big question hangs over the protracted deal talks: Will Paramount's controlling shareholder Shari Redstone and her three children ultimately approve the deal? People close to the sale process say Ellison's production company, Skydance Media, and its financial backers are close to finalizing a deal that Ellison has been pursuing since last summer.

7 billion, according to the knowledgeable sources. Ellison's vision is to consolidate his smaller Santa Monica-based Skydance movie, TV and animation company with Paramount and run the merged entity as its chief executive. The Skydance deal is structured so that the bulk of the money would be distributed to Paramount and its shareholders.

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