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Paramount to merge with Skydance for $8 billion

TAKEN PRIVATEApr 22, 2025

Acquiring Company

Paramount Global

Acquired Company

Skydance

New YorkNew YorkGovernment AdministrationMedia And EntertainmentArtificial IntelligenceMusicVideo GamesPublishingDigital MediaFilmFilm Production

Description

Paramount Global is moving forward with an $8 billion merger deal with Skydance, expected to close this year. This acquisition follows a recent wave of layoffs at Paramount as part of a cost-cutting strategy. The companies are currently awaiting approval from the Federal Communications Commission, which has triggered an automatic extension of the merger deadline. This merger marks a significant ownership change for both companies.

Other recent acquisitions in Government Administration and Media And Entertainment

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Paramount Global

Location

New York, New York, United States

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Frequently asked

Who acquired Skydance?

Skydance was acquired by Paramount Global, based in New York. The deal was reported on April 22, 2025. Paramount Global is privately held and operates in Government Administration.

When did Paramount Global acquire Skydance?

Paramount Global's acquisition of Skydance was reported on April 22, 2025. Paramount Global is moving forward with an $8 billion merger deal with Skydance, expected to close this year. This acquisition follows a recent wave of layoffs at Paramount as part of a cost-cutting strategy. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Skydance do?

Skydance is the diversified media company founded by David Ellison in 2010 to create high-quality, event-level entertainment for global audiences. It is privately held, operating in Media And Entertainment, and is based in New York.

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