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Paramount-Skydance Watch: Wall Street Analyst Increasingly Concerned Deal May Collapse
A long FCC review against the backdrop of President Donald Trump’s lawsuit has begun is fueling speculation the Paramount, Skydance deal may be at risk.
In a note Wednesday, analyst Rich Greenfield of LightShed Partners voiced what others have started to wonder, saying he’s “increasingly concerned the deal could collapse as Paramount is paralyzed by legal fears surrounding the pending President Trump–CBS 60 Minutes lawsuit.” Meanwhile, politicians in Washington D.C. and California and a public interest group warned Paramount’s controlling shareholder Shari Redstone that if the company does settle, it may be construed as a bribe as it waits for deal approval. Sen. Elizabeth Warren(D-MA), Sen. Bernie Sanders(I-VT) and Sen. Ron Wyden(D-OR) warned Redstone in a letter that a potential settlement may violate federal bribery laws.
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