Paramount and Skydance worked together.
He valued the studio and its crown jewel of a backlot and planned to keep the company together.
He was offering her a nice bundle of cash for her stake in National Amusements.
Shari RedstoneSean Zanni/Patrick McMullan via Getty Images
They talked, and talked, and talked.
Potential suitorWarner Bros Discovery faded away, as did Byron Allen, whomade an actual offerfor the company.
Par and Skydance entered an exclusive negotiating period for the month of April.
When the lock-up ended with no deal, doubt crept in.Sony jumped into the mix.
Yet the two sides continued talking intensely up through this past weekend.
She waved goodbye as National Amusements noted that the two sides were unable to find mutually acceptable terms.
The stock dipped today on the news.
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There are a number of reasons why things collapsed, depending on whos talking.
Redstone wanted to, Ellison, not surprising, did not.
I wouldnt have done it either if I were him, said one Wall Streeter.
They probably would have voted no.
Deadline hears that Paramount may have found Skydance financials lacking and its valuation high.
Inside Paramount Global, there was a sigh of relief today.
Jeff Shell was set to step in for Skydance to spin up the combined company under Ellison.
Division heads and other execs would also have been displaced.
They didnt love the Ellison deal, but arent sure what comes next.
