You are reading an exclusive WrapPRO article for free. Want to level up your entertainment career? Go here for more information.
A deal to merge Paramount Global and David Ellison’s Skydance Media is unlikely to conclude by May 3 — the end of a 30-day exclusivity window — but is moving forward despite pressure from shareholders eager to consider other bids, TheWrap has learned.
According to an individual with knowledge of the negotiations, Skydance’s due diligence on Paramount began this week and will not be complete within two weeks. The individual said the process to hammer out details could take up to 60 days, and in that case the window of exclusivity could be extended.