Paramount (US:PARA) Sou Hu Cai Jing·2025-07-31 00:23Group 1 - The Federal Communications Commission (FCC) approved Skydance Media's acquisition of Paramount Global for $8 billion, which is approximately 574.44 billion RMB [1] - Skydance has committed to implementing significant reforms at CBS and ensuring a diverse range of political and ideological perspectives in its news and entertainment programming [1] - Skydance has not yet implemented any "Diversity, Equity, and Inclusion" (DEI) initiatives and has pledged not to establish such measures in the new company [1] Group 2 - Skydance Media was founded by David Ellison, son of Oracle founder Larry Ellison [2] - Paramount is one of the largest media asset companies globally, with properties including Paramount Pictures and CBS, and is known for major IPs like the "Mission: Impossible" and "The Godfather" series [2] - Paramount has struggled with its transition to streaming and has faced internal power struggles, leading to the dismissal of former CEO Bob Bakish [2] Group 3 - The $8 billion investment from Skydance includes $2.4 billion paid to the controlling company, National Entertainment [2] - A new entity valued at $28 billion will be formed post-merger, with David Ellison as Chairman and CEO, and Jeff Shell as President [2] - The Ellison team aims to reposition Paramount to enhance profitability and invest more in faster-growing digital platforms [2] Group 4 - Paramount Global had previously considered selling off some of its business units, but these efforts did not materialize [3] - Sony Pictures and private equity giant Apollo had also considered a $26 billion acquisition of Paramount, which ultimately did not succeed [3]