CNN —
Paramount Global—the sprawling media empire behind CBS, MTV, and one of Hollywood’s most storied movie studios—has agreed to merge with technology scion David Ellison’s Skydance Media, ending years of speculation over the company’s fate.
The deal announced late Sunday comes just weeks after a previous offer from Ellison to acquire Paramount collapsed in the eleventh hour, stunning industry observers and raising questions about the beleaguered media company’s future.
The agreement cements Ellison as a media mogul, ending Shari Redstone’s control of Paramount through her family’s National Amusements holding company, after her father, the late Sumner Redstone, won a fierce
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