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Paramount-Skydance Merger Clears SEC And EU Amid Ongoing, Fractious FCC Review
Paramount Global and Skydance cleared a deal hurdle as the SEC made their registration effective and the EU approved it. The key FCC is still a wildcard.
Earlier this week, the European Commission approved the proposed merger saying it doesn’t pose competitive concerns in the EU given the combined company’s limited market position. Led by Donald Trump-appointed Commissioner Brendan Carr, the process has become controversial, running in tandem with Trump’s lawsuit against CBS News over 60 Minutes ’ editing of an interview with Kamala Harris. A third suit on behalf of five New York City Pension Funds asked the court to stay the deal because the Special Committee evaluating offers declined to consider an 11 th hour buyout from a group called Project Rise Partners.
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