Skydance–Paramount Merger Official
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Paramount Shares Reverse Gains After Skydance Merger Greenlight, Investors Cautious – Update
Shares of Paramount Global surrendered early gains Friday, closing down 1.6% at $13.05. They initially got a bit of a pop from the FCC’s long awaited approval of the merger wtih Skydance Media. But investors remain cautious as the combined entity’s basic strategy on key fronts from cable to streaming
The stamp of approval from the Federal Communications Commission comes after months of turmoil revolving around U.S. President Donald Trump's legal battle with 60 Minutes, the crown jewel of Paramount-owned broadcast network CBS.