Shari

Paramount Global chairwoman and controlling shareholder Shari Redstone is battling cancer as she tries to steer the media company through a turbulent sales process.

The Shari Redstone-controlled company has grappled with a series of setbacks since it announced its sale to tech scion David Ellison’s Skydance Media last July.

Controlling shareholder Shari Redstone’s desire to end the wrangling with a settlement remains a cloud hanging over the company and its sale.

After pulling the plug on the Paramount sale, mogul Shari Redstone made it known that she would entertain offers for her family holding company, National Amusements Inc., that controls Paramount’s voting shares.

The issue has also ratcheted up the pressure on controlling shareholder Shari Redstone, who has pushed for a settlement to facilitate Paramount’s sale to the family headed by billionaire tech mogul Larry Ellison.