Skydance, Paramount
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After an intense, scandal-plagued acquisition, here's what David Ellison gets in Skydance's acquisition of Paramount Global.
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KOIN Portland on MSNSen. Ron Wyden talks Epstein files, Paramount-Skydance merger, moreSenior Senator Ron Wyden (D-Ore.) - soon to be the longest-serving senator in Oregon history - is back in the state for the summer recess and for a series of town halls this weekend.
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.
Paramount and Skydance announced Friday that, with the Trump administration’s approval, the highly anticipated merger between the entertainment giants is expected to take place next month. The Aug. 7 date,
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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.
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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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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 Oracle chairman will not have any "veto rights, or any special or outsized voting rights," per an amendment filed with the FCC