Paramount, Skydance reach tentative merger deal

Paramount’s parent company, National Amusements, has come to a tentative deal on a possible merger with media conglomerate Skydance.

Paramount had previously reportedly stopped talks with Skydance on a merger and news about talks crumbling came out mid-last month. However, according to a Tuesday report from CNBC, sources said that a preliminary deal which has been referred to a Paramount committee has come together. That deal is being reviewed and voted on by that committee, according to a source.