Paramount-Skydance deal would give Redstone’s firm over $2B in cash, WSJ says

A sale of Paramount could work out very differently for controlling shareholder Shari Redstone and the rest of the entertainment giant’s investors, The Wall Street Journal’s Jessica Toonkel and Miriam Gottfried report. Redstone’s National Amusements, which controls Paramount through a large voting stake and also owns a movie theater chain, is engaged in exclusive talks to sell itself to Skydance Media, The Wall Street Journal reported this week. Under the terms being discussed, Redstone’s firm would receive over $2B in cash in the first step of the transaction, people familiar with the situation said.