Paramount Global Battles Trump Politics and Investor Suits. Is the Sale to Skydance in Peril?
variety.comCynthia Littleton Business Editor In October, it will be 10 years since Shari Redstone began her campaign to get her family’s legacy in order.
Most likely, she hasn’t had a day of rest in all that time. As late as a month ago, Redstone, 70, might have reasonably expected that the sale of the family media empire, Paramount Global, would be done and dusted by the time she marked the 10-year anniversary of the day she had a former girlfriend ousted from the Beverly Park home of her aged father, legendary film and TV mogul Sumner Redstone.
Shari’s move to wrest control of her father’s life away from rival contenders to his fortune and his throne set off an avalanche of litigation, corporate maneuvering, financial engineering, sharp-elbowed lawyering and boardroom dealmaking.
Slowly but surely, the younger Redstone vanquished powerful figures in her father’s orbit to take the reins of Paramount Global, home of Paramount Pictures, CBS, the Paramount+ streamer and more film and TV assets.
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