FCC approves Paramount, Skydance merger
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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.
Paramount and Skydance have confirmed reports earlier this week that their long-gestating merger is expected to finally close on August 7.
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Plus, Hulk Hogan, the pro wrestler who brought the sport to new heights of mainstream popularity, died at the age of 71.
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.
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.
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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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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.
"New York Times" White House correspondent Peter Baker on MSNBC's "Morning Joe" expressed his displeasure with the Trump administration for approving the Skydance-Paramount merger. JOE SCARBOROUGH, HOST: It took a while.