Paramount-Skydance merger deadline extension activated
The deadline for the $8bn merger of Paramount Global and Skydance Media has been automatically extended for 90 days.
Under terms agreed by the parties and specified in a Securities And Exchange Commission (SEC) filing in February, the extension would kick in were no deal in place by April 7.
The proposed merger has met with approval from the SEC and European Commission but must still get the greenlight from the Federal Communications Commission (FCC).
That agency is run by Donald Trump appointee Brendan Carr, who threw down a couple of major obstacles as he began his review into the merger earlier this year.
Under terms agreed by the parties and specified in a Securities And Exchange Commission (SEC) filing in February, the extension would kick in were no deal in place by April 7.
The proposed merger has met with approval from the SEC and European Commission but must still get the greenlight from the Federal Communications Commission (FCC).
That agency is run by Donald Trump appointee Brendan Carr, who threw down a couple of major obstacles as he began his review into the merger earlier this year.
- 4/8/2025
- ScreenDaily
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