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FCC clears Paramount, Skydance merger

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. After the deal closes, the company will be renamed Paramount Skydance Corp and its Class B shares will trade under the ticker symbol PSKY.

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The $8-billion Skydance-Paramount Global deal is finally closing. Now what?

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Paramount And Skydance Reveal Merger Closing Date, New Ticker Symbol And Other Deal Details

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Paramount Skydance Merger Wins FCC’s Approval

Paramount Global’s merger with Skydance Media was approved by the US Federal Communications Commission after the companies made concessions to the Trump administration to close the deal.

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US clears way for $8 billion Paramount-Skydance merger

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US regulators approve Skydance acquisition of Paramount

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Trump, FCC Want to Reshape the Media Landscape Starting With CBS

"The media industry across this country needs a course correction."

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US FCC clears $8bn Skydance-Paramount merger

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FCC Chair Pleased With Skydance Vow to Make Changes at CBS

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Paramount Shares Advance On Skydance Merger But Wall Street Cautious — Now “The Real Work Begins”

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.

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Paramount Co-CEOs Thank Staff As Company Prepares “For a New Era” Under Skydance

Chris McCarthy, George Cheeks and Brian Robbins sent the note to staff Friday afternoon: 'It has been an honor to lead the company over the past year and work alongside you.'

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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.