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Paramount, Skydance expected to close deal on Aug. 7

  • Paramount Global and Skydance Media are expected to complete their $8.4 billion merger on August 7, 2025, pending final administrative details.
  • The merger follows a year-long approval process involving regulatory clearance from the FCC and amendments to voting interests within the Ellison family.
  • Post-Merger, the combined company will trade on Nasdaq under ticker PSKY, with David Ellison serving as CEO and plans to rebuild Paramount and expand streaming.
  • The agreement assigns $2.4 billion to Redstone and $4.5 billion to other shareholders, includes an additional $1.5 billion intended to reduce debt and strengthen the company’s financial position, and grants Skydance investors control of 70% of the shares.
  • The transaction ends Shari Redstone's control of National Amusements, introduces leadership changes, and raises integration and market risks as Paramount seeks a sustainable future.
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De Morgen broke the news in Antwerp, Belgium on Friday, July 25, 2025.
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