After months of negotiations,ParamountGlobals controlling shareholderShari Redstonehas broken off merger talks withDavid EllisonsSkydance.
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As recently as this past weekend, talks were intense but there were a few major sticking points.
Shari Redstone and David EllisonGetty Images
One is said to center around who would assume potential legal liabilities in the likely case of shareholders lawsuits.
Paramount Global stockholders vocally disliked the Skydance deal from the start and threatened to sue.
Producer Steven Paul put together a group of deep-pocketed investors and is interested.
And former Universal chiefEdgar Bronfman Jr, backed by Bain Capital, is also looking at a deal.
With Skydance out, Paul and Bronfman are now higher profile.
The process has been messy and very public.
Reports tied the directors exits to frustration with the Skydance deal.
Dade Hayes contributed to this report.
