Reported 3 days ago
Paramount Global and Skydance Media have addressed concerns regarding their upcoming merger, stating that critics have failed to demonstrate any harm from the deal and have made demands that infringe on free speech rights. The companies contested claims made by several organizations to the FCC, asserting that these objections lack merit and could raise constitutional issues. Under the merger agreement, Skydance's David Ellison will become the controlling shareholder of Paramount. The merger has drawn scrutiny due to Skydance’s minority investor, Tencent Holdings.
Source: YAHOO