Reported 1 day ago
Federal regulators have approved Paramount's $8 billion merger with Skydance, ending months of uncertainty tied to the company's legal battle with former President Trump over CBS's '60 Minutes.' The decision comes after Paramount agreed to a $16 million settlement with Trump, which faced criticism as a potential bribe. FCC Chairman Brendan Carr endorsed the merger as a necessary step to restore trust in the media. With the merger, which values the combined entity at $28 billion, plans are underway to revitalize Paramount+ and adapt to a competitive entertainment landscape.
Source: YAHOO