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Stock impact report

NFL Is in Talks With Ellison's Skydance, RedBird About Deals [Yahoo! Finance]

Paramount Global - Class A (PARAA) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The talks could include a sale of NFL Media and its NFL Network cable channel, or an acquisition by Paramount Global of the league's interest in Skydance Sports, a joint venture that produces movies and TV shows, according to the people, who asked to not be identified because the discussions are private. Paramount, which holds rights to broadcast NFL games, is in the process of merging with Skydance, an independent film and TV studio, in a deal expected to close next year. Paramount's contract with the league includes a change of control provision that could allow the NFL to seek another media partner, the people said. The NFL's deal with Paramount's CBS network is worth about $2.1 billion a year through 2033. Although it is unlikely that the NFL will seek to replace CBS as its broadcast partner, the provision has prompted a wider conversation about business opportunities between the league, Skydance and RedBird. The league is already in business with b Show less Read more
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