CNBC reported the stepped-up timeline earlier Monday.
The second step would see the company pump cash into Paramount, which would then acquire Skydance.
Prospects of the Apollo/Sony option have seemingly dimmed in recent days.
Shari Redstone, Paramount BacklotGetty Images
The New York Timesreported on the remaining hurdles to a deal on Sunday.
Reps from Skydance, Paramount and Redstone declined comment.
Soon officially arrives this week.
At the shareholder meeting, which will be conducted virtually, the execs will deliver a presentation to investors.
Theres a lot of emotion involved because of Sharis family legacy, one source observed.
Its only adding to what is already a really complex financial situation to work out.
The company did manage last month topull off a carriage renewal with Charter, the No.
1 U.S. pay-TV operator, without the damaging blackouts that hit Disney in a tussle with Charter last summer.
