Skydance–Paramount Merger Official
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In the aftermath of the FCC's approval of the Skydance-Paramount merger, there has been consternation, angst and even anger over how it went down.
The signoff on the deal, which could close next month, follows Paramount’s settlement of a Trump lawsuit.
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.
1don MSN
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 company said it will conduct a “comprehensive review” of CBS after the merger goes through to ensure the network is operating in the public interest.