April 5 (Reuters) - Paramount Global ( PARAA ), under the

terms of a deal being discussed, would give controlling

shareholder Shari Redstone over $2 billion in cash in the first

step of the transaction, the Wall Street Journal reported on

Friday, citing people familiar with the situation said.

Then Paramount Global ( PARAA ) would then acquire Skydance in an

all-stock deal valued at around $5 billion.