Paramount Board’s Special Committee Approves Skydance Merger

David Ellison-bsp-person> inched closer to an acquisition of Paramount Global-rte-company>, the owner of MTV and CBS, as a special committee of the company’s board blessed a merger with his Skydance Media-bsp-bb-link>, according to a person with knowledge of the matter.

An agreement would end one of the messiest and most dramatic merger deals in recent history. The full board is set to approve the deal with the parties signing final paperwork Sunday and an announcement coming as soon as Monday, said the person, who asked not to be identified because the meeting was confidential.

The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024.

Photographer: Eric Thayer/Bloomberg

The Skydance-Paramount merger …