Reported 2 days ago
Skydance Media and Paramount Global are defending their proposed $8.4 billion merger against various objections, urging the FCC to dismiss criticisms as unfounded. The companies argue that claims of foreign influence, particularly related to Tencent's investment in Skydance, and competition concerns from opponents like LiveVideo.AI, lack merit. The merger, which aims to combine the two media giants, is anticipated to be completed in the first half of this year.
Source: YAHOO