Skydance Media is on the verge of acquiring Paramount Global (NASDAQ:PARA) the owner of MTV and CBS, after a special committee of the latter‘s board approved the merger. What Happened: The special committee of Paramount’s board has given the green light to a merger with Skydance Media, led by David Ellison, Bloomberg reported on Sunday, citing a person with knowledge of the matter. The full board is expected to ratify the deal on Sunday, with an official announcement likely to follow on Monday. The transaction, if finalized, would mark the end of a tumultuous and complex merger process. The de…
