Paramount & Skydance Announce Merger Closing Date

Paramount and Skydance have confirmed that their long-gestating merger is expected to finally close on August 7. The date had been mentioned in recent days by sources familiar with the transaction, but the companies confirmed it Friday in a press release. The $8 billion-plus transaction received the FCC’s blessing Thursday, effectively bringing an end to the year-long business saga. With that final hurdle cleared, only administrative details and paperwork are left to be completed before the combination can ...