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FCC approves $8 billion Paramount-Skydance merger

On Thursday, the Federal Communications Commission approved the $8 billion Paramount-Skydance merger, clearing the final regulatory hurdle.
During the prolonged scrutiny, political interference allegations linked to President Donald Trump marred the review, and on August 7, Paramount agreed to pay $16 million to settle his lawsuit.
To secure FCC approval, Skydance pledged to hire an ombudsman at CBS News, not implement new DEI initiatives, and ensure diverse viewpoints in programming.
The FCC commissioners voted 2-1 to approve the merger, while Commissioner Anna Gomez dissented, warning ‘dark chapter in a long and growing record of abuse’.
Following the FCC decision, Skydance CEO David Ellison will take control of Paramount by August 7, with the deal expected to close by this September.

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読売新聞オンライン

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Paramount Global Says Skydance Merger Should Close in Two Weeks

LOS ANGELES, July 25 (Reuters) - Paramount Global PARA.O said on Friday it expects to complete its merger with Skydance Media by August 7, following government approval for the $8.4 billion deal.

9 hours ago·Japan

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With Trump go-ahead, Skydance and Paramount to complete merger in August

The merger has faced scrutiny for what critics view as capitulations to Donald Trump, including a $16m settlement.

13 hours ago·Qatar

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Larry Ellison Just Quietly Became the Most Powerful Man in America

With the Paramount-Skydance merger approved by the FCC, Larry Ellison just showed the world who is the real shot caller in the White House.

14 hours ago·United States

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Paramount pledges $20 million to Trump PSAs as Skydance nears merger close

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+19 Reposted by 19 other sources

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Paramount and Skydance Announce Anticipated Closing Date, Deadlines to Elect Merger Consideration and Change of Ticker Symbol Effective at the Closing

NEW YORK, July 25, 2025 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) ("Paramount") and Skydance Media, LLC ("Skydance") today announced that the transactions (the "Transactions") contemplated by the Transaction Agreement, dated as of July 7, 2024, by and among Paramount,…

15 hours ago

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NewsBusters

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FCC Approves Skydance Purchase of CBS News’s Parent Company, Heralds Changes

FCC Approves Skydance Purchase of CBS News’s Parent Company, Heralds Changes Late Thursday, the Federal Communications Commission (FCC) announced it had “approved Skydance’s $8 billion acquisition of Paramount Global and its subsidiaries, including the ultimate parent company of the CBS network of owned and operated broadcast television stations, by granting a series of applications that transfer FCC licenses and authorizations.” In acknowledgi…

15 hours ago·Washington, United States

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