FCC clears Paramount, Skydance merger
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Paramount and Skydance merger approved and Trump visits Powell at Federal Reserve: Morning Rundown
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Paramount Shares Reverse Gains After Skydance Merger Greenlight, Investors Cautious – Update
Shares of Paramount are set to open higher after the FCC approval its merger but amid ongoing uncertainty about its strategic plans under Skydance Media.
The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.
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.
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‘Morning Joe’ Warns Republicans Will Suffer ‘Blowback’ for Paramount-Skydance Merger | Video
"Morning Joe" co-host Joe Scarborough warned Republicans they will suffer "blowback" for the $8 billion Paramount-Skydance merger
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With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.