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As Paramount Takes The CinemaCon Stage, Skydance Waits To Make Its Entrance
The Paramount-Skydance merger is still widely expected to close, but regulators' review of the $8 billion has dragged on longer than anticipated.
In light of the election outcome, Bloomberg hastened to report last December, Skydance CEO David Ellison and his management team had begun “preparing to take over Paramount even sooner than they once thought,” expecting a resolution by late-March or early-April. Disney this year agreed to settle a winnable lawsuit filed by Trump over misstatements by ABC News, and tech companies have made all sorts of efforts to cozy up to the White House. Adonis Hoffman, a longtime fixture in Washington, D.C. circles whose backgrounds includes a stint as chief of staff and senior legal advisor for interim chair and FCC Commissioner Mignon Clyburn (a Barack Obama appointee), believes a CBS settlement is crucial.
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