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Paramount Global’s Near-Term Credit Outlook Is “Not Going To Change Just Because They’re Being Bought By Skydance,” S&P Analyst Says
Some call Skydance's $8 billion deal to merge with Paramount Global a rescue mission. But an S&P Global analyst thinks it's premature to say the worst is over.
Skydance ‘s $8 billion deal to merge with Paramount Global has been characterized in some corners of the industry as a rescue mission. The winding path toward the Skydance deal began around the time of the UBS conference a year ago, when Sarma voiced concerns about Paramount’s credit uncertainty and looming obligations. While the merger partners have offered “a little bit of disclosure” about plans for their movie studio and linear TV businesses, “we certainly don’t know what their streaming strategy is,” Sarma maintained.
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