Skydance Media and its private equity backers are targeting May to finalize terms on a deal with Paramount Global (PARA) that would value Skydance at around $5B and merge with Paramount, CNBC’s Alex Sherman reports, citing sources. According to the report, the biggest hurdle remaining to complete a deal is Paramount Global’s outstanding carriage renewal with Charter (CHTR). Under Skydance’s plan, David Ellison would be named CEO of Paramount Global, while former NBCUniversal CEO Jeff Shell would be president, sources say.
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