Media heiress Shari Redstone has once again changed her mind and reached a preliminary agreement to sell her controlling stake in Paramount Global to Skydance Media, just weeks after walking away from a previous deal. The special committee of the Paramount Global board is now evaluating the potential merger of Paramount with Skydance, run by tech heir David Ellison. Skydance has agreed to pay $1.75 billion for National Amusements as part of the deal, which includes a 45-day "go-shop period" for other interested bidders. The deal follows Redstone's abrupt end to talks with Ellison in June and comes in the midst of interest from other potential buyers like Barry Diller and investor consortiums. The news has seen Paramount's shares surge by 9% in after-hours trading, signaling a significant development in the ongoing drama of the media industry.