Paramount's special committee agrees to recommend Skydance deal, WSJ reports

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Paramount's special committee agrees to recommend Skydance deal, WSJ reports
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- A special committee of the Paramount Global's board agreed to recommend a deal with Skydance Media, the Wall Street Journal reported on Friday, citing people familiar with the matter.

A potential deal could end months of speculation over Paramount's fate. Reports on takeover offers from Skydance Media and a consortium of Apollo Global Management and Sony Pictures, as well as a $30 billion bid from media entrepreneur Byron Allen, has left the stock see-sawing for months.

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