 Paramount Global has agreed to a multi-billion dollar deal to merge with the production company Skydance Media. Paramount is the parent company of CBS News. The companies have worked together on movie franchises like Mission Impossible, Transformers, and Top Gun. The deal also includes CBS, Showtime, BET, Comedy Central, Nickelodeon, and other channels. Now to make the deal, Skydance is buying National Amusements, controlled by a Sherry Redstone, which owns the largest share of Paramount Global.