Hollywood icon Paramount agrees merger deal

One of Hollywood's oldest studios, Paramount Global, has agreed to merge with production firm Skydance Media.Under the deal, Paramount's non-executive chair Shari Redstone will sell her family's controlling stake in the company in a complex transaction that will result in a merger.It marks the end of an era for the Redstone family, whose late patriarch, Sumner Redstone, transformed a chain of drive-in cinemas…