The $8.4 billion merger between Paramount Global and Skydance Media has officially received approval from U.S. regulators, paving the way for a significant reshaping of the American media landscape.
This merger places CBS, Paramount Pictures, and Nickelodeon under the leadership of David Ellison, tech heir and CEO of Skydance, amid a politically charged debate over freedom of the press in the Trump era.
Read more sources:
Paramount investor relations
Yahoo Finance: PARA Stock
CBS News on merger
Analysis via Seeking Alpha
Hulk Hogan, Wrestling Icon and Pop Culture Legend, Dies at 71
Leadership Shakeup and Market Reaction
David Ellison will serve as chair and CEO of the new Paramount, while Jeff Shell, former head of NBCUniversal, will take over as president. Meanwhile, Chris McCarthy, one of Paramount’s current CEOs, will depart post-merger. After the announcement, Paramount’s stock rose about 1.4% in after-hours trading, reaching $13.45.
Political Accusations and Legal Settlements
