Key Points: Paramount and Skydance have agreed to a $8 billion merger. The deal awaits approval from Shari Redstone, Paramount's controlling shareholder. Skydance will buy nearly 50% of class B shares for $4.5 billion and contribute $1.5 billion to reduce Paramount's debt. Skydance and RedBird will own two-thirds of the new company, with class B shareholders holding the remaining third. The deal follows a competing $26 billion offer from Apollo and Sony, which intended to break up Paramount. Paramount and Skydance Media have agreed to the terms of a significant merger deal, which is expected to be announced in the...