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As Paramount’s Merger With Skydance Creeps Toward Finish Line, Company Goes Back Under Microscope With Q4 Earnings Report
With Paramount Global's Merger With
In the chaotic early phase of Donald Trump’s second stint in the White House, federal regulatory approval of the $8 billion Skydance deal is no longer considered a formality and Paramount faces a bind with CBS News. Despite the strong support of Trump shown by Paramount chair and controlling shareholder Shari Redstone and Larry Ellison, the billionaire financial backer of the Skydance deal, the government is looking to extract concessions. The three occupants of Paramount’s Office of the CEO (George Cheeks, Chris McCarthy and Brian Robbins) are unlikely to address the state of the Skydance review in any detail during this afternoon’s quarterly conference call with analysts.
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