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The $8-billion Skydance-Paramount Global deal is finally closing. Now what?
After finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8-billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.
Paramount Co-CEOs Thank Staff, Promise Transition Updates 'Soon' as Media Giant Prepares for 'New Era'
Paramount co-CEOs George Cheeks, Brian Robbins and Chris McCarthy expressed their thanks to the media giant's staff following news that its pending $8 billion merger with Skydance Media is expected to close Aug.
Paramount Co-CEO Chris McCarthy Set to Exit After Skydance Merger
McCarthy became co-CEO of Paramount, alongside George Cheeks and Brian Robbins, in April 2024. The trio took on the role after the ouster of Bob Bakish as the company was in its first round of negotiations with Skydance. McCarthy is also president of Showtime/MTV Entertainment and oversees the company’s streaming platforms Paramount+ and Pluto TV.
For Paramount, Hundreds of Job Cuts Loom Once Skydance Merger Is Completed
Upon the deal’s closing, Skydance and its financial partners are set inject $1.5 billion in cash into Paramount. However, that’s intended to go toward reducing Paramount’s long-term debt ($14.16 billion as of Q1 of 2025) to help stabilize its balance sheet.
As FCC Clears Paramount-Skydance Deal, All Eyes Are on Rebuilding the Media Giant
MoffettNathanson says it will be awaiting clarity on the future of Paramount+ and the linear network portfolio
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Just 3 weeks after controversial Paramount settlement, FCC approves merger deal
As July began, Paramount paid $16 million to settle a Trump civil suit. As July ended, Trump's FCC appointees approved Paramount’s $8 billion merger deal.
He Placated Regulators to Buy Paramount. But Can He Fix the Business?
Paramount’s cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges facing David Ellison as he takes control.
Paramount-Skydance Merger Expected to Close Aug. 7
Following the $8 billion deal's closing, the combined company will begin trading on the Nasdaq under new stock ticker symbol PSKY
Paramount Global says Skydance merger should close in two weeks
Paramount Global said on Friday it expects to complete its merger with Skydance Media by August 7, following government approval for the $8.4 billion deal.
Federal regulators approve Paramount’s $8 billion deal with Skydance, AP Explains
Federal regulators on Thursday approved Paramount's $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue.
Larry Ellison to Hold 35.5% of Family’s Voting Rights in New Paramount, National Amusements After Skydance Merger Closes
The Oracle chairman will not have any "veto rights, or any special or outsized voting rights," per an amendment filed with the FCC
US clears way for $8 billion Paramount-Skydance merger
The merger won approval from U.S. regulators, clearing the way for a sale that evolved into a clash over press freedom in the era of President Donald Trump.
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