Reported 10 days ago
Paramount Global and Skydance Media's $8 billion merger deadline has been automatically extended by 90 days beyond April 7, as stipulated in their agreement. This extension comes as the companies await regulatory approval, specifically from the Federal Communications Commission. A Delaware judge is also reviewing claims from a class action lawsuit alleging that the sale short-changes public shareholders. Meanwhile, an investor group had previously proposed a higher bid for Paramount, which was rejected by the company's board.
Source: YAHOO