Regulators clear $8.4bn Paramount-Skydance merger

  • US regulators have approved the $8.4 billion merger between Paramount Global (NASDAQARA) and Skydance Media, bringing CBS, Paramount Pictures, and Nickelodeon under the control of David Ellison. The deal, which was cleared by the Federal Communications Commission in a divided vote, follows Paramount's $16 million settlement of a lawsuit filed by Donald Trump against the company and CBS News.