Paramount And Skydance Get The Green Light

New chapter   It's finally happening. More than a year after agreeing to a merger, Paramount Global (PARA) has finally gotten the necessary clearance to combine with David Ellison's Skydance Media. The hope here is to resurrect a Hollywood icon that has shed much of its market value, which had also been sought after by Sony Pictures (SONY), Apollo (APO) and IAC Chair Barry Diller. PARA +2.5% premarket.Snapshot: It's been a tough environment out there for legacy media. Streaming giants like Netflix (NFLX ...