Skydance Deal

Inside Paramount’s bumpy sale: the president, a scion and a possible sheikh

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Tech scion David Ellison launched his pursuit of Paramount Global nearly two years ago. But the path has been anything but smooth for Ellison and his Skydance Media. President Trump and Federal Communications Commission Chairman Brendan Carr have put Paramount’s CBS network under the microscope. Now, the government’s review of the $8-billion transaction could stretch … Read more

Paramount expects to complete Skydance deal by summer

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Paramount Global expects to finalize its sale to David Ellison’s Skydance Media by summer, the company said Wednesday, slightly adjusting its timeline after encountering static at the Federal Communications Commission. The company had hoped to complete its sale by mid-April. The update came as Paramount reported fourth-quarter earnings, which missed analysts’ expectations. Paramount posted a … Read more