Brunswick Group represents the special committee of Paramount Global’s board that approved the merger of the sprawling $32.5B entertainment giant with Skydance Media.

The two-step transaction calls for Skydance to acquire National Amusements, the Redstone family’s company that is Paramount’s controlling shareholder, for $2.4B in cash.

Skydance will then merge with Paramount in a cash or stock transaction pegged at $4.5B.

Charles Phillips, a member of the special committee, said the deal “delivers to Paramount stockholders both immediate value and future upside opportunity.”

It also “positions Paramount for success in a rapidly evolving industry landscape,” added the former CEO of Infor Inc. and president of Oracle Corp.

David Ellison, son of the billionaire Oracle founder Larry Ellison, founded Skydance.

Based in Santa Monica, Skydance helped produce Paramount hit movies such as Tom Cruise’s “Top Gun: Maverick” and the “Mission Impossible” series.

Brunswick Americas CEO Nik Deogun and New York office head Jonathan Doorley handled Paramount’s special committee.

Skydance Media and its financial partner Redbird Capital relied on Gagnier Communications (Dan Gagnier) and Principal Communications Group (Melissa Zukerman) for support

National Amusements used Kekst CNC (Molly Morse and Daniel Hoadley) for communications counsel.