Latest news of merger

Lawmakers question $16 million settlement, cancellation of “The Late Show,” and alleged $20 million “side deal,” warning potential violations of anti-bribery laws.

The newly merged Paramount, backed by Skydance Media and RedBird Capital, aims to modernize content creation, expand global reach, and drive long-term shareholder value through innovation, scale, and a 113-year legacy.

Dan Cohen steps down effective immediately as Paramount and Skydance finalize their $8.4 billion deal expected to close by August 7, 2025, amid sweeping leadership and financial transitions.

The companies triggered a second 90-day extension, signaling ongoing discussions over the proposed merger amid leadership and strategic challenges at Paramount.

If the deal doesn’t close by the new July 6 deadline, or if regulators ultimately block it, either party may walk away.