Will it ever end? In the latest episode of a saga to rival the most convoluted telenovelas, production studio Skydance Media is reportedly back in play to acquire Paramount Global from majority (77%) owner National Amusements. Skydance is said to have reached a preliminary deal to pay just $1.75 billion for Paramount, per the Wall Street Journal, which would see the two studios merged. The deal reportedly includes a 45-day “go-shop” period where other bidders can submit offers. National Amusements President Shari Redstone had previously rejected offers from Sony and others for Paramount, and was inclining towards Skydance as a preferred partner. However, talks between the two broke down a month ago, moments after premature reports that an $8 billion…