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Paramount Agrees To Merge With Skydance In $8 Billion Deal, Ending Redstone Era

Paramount Global has agreed to merge with Skydance in a significant deal that will see the Redstone family relinquish control of the storied movie studio and media company. The merger, valued at over $8 billion, involves a consortium including RedBird Capital Partners and KKR, and is expected to clo...

Paramount Global has agreed to merge with Skydance in a significant deal that will see the Redstone family relinquish control of the storied movie studio and media company. The merger, valued at over $8 billion, involves a consortium including RedBird Capital Partners and KKR, and is expected to close in the third quarter of 2025, subject to regulatory approval. Skydance founder David Ellison will lead the combined company as CEO, while Shell will serve as president.

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