Paramount Soars on Talks to Be Acquired by Longtime Collaborator Skydance

• Paramount Global shares soared 15% on news of exclusive talks for a potential Skydance Media acquisition deal

• Skydance, led by David Ellison, and Paramount have a history of film franchise collaborations like Mission Impossible and Top Gun

• Skydance reportedly made an earlier takeover offer for Paramount's parent National Amusements

• Private equity firm Apollo Global recently bid for Paramount Pictures studio or the whole Paramount conglomerate

• Deal would involve Skydance first buying privately held National Amusements, then acquiring the publicly traded Paramount