As Paramount’s Merger With Skydance Creeps Toward Finish Line, Company Goes Back Under Microscope With Q4 Earnings Report
deadline.comJust weeks ago, Paramount Global employees were optimistic about finally entering a more hopeful era thanks to the company’s long-awaited merger with Skydance Media.
Management expected the $8 billion deal to close by the springtime. But as the company gets set to re-enter the Wall Street spotlight Wednesday afternoon with its fourth-quarter earnings report, the skies have gotten cloudy.
In the chaotic early phase of Donald Trump’s second stint in the White House, federal regulatory approval of the $8 billion Skydance deal is no longer considered a formality and Paramount faces a bind with CBS News.
While the overwhelming sentiment on Wall Street, inside the company and in media circles is that the transaction will indeed close, the timeline and cost of a potential settlement with Trump are big variables in the equation.
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