Tom Cruise David Ellison Jeff Shell John Lasseter Shari Redstone Skydance Media Todd Spangler Ny Larry Ellison Hollywood president CBS CEO Rights Strategy COST Tom Cruise David Ellison Jeff Shell John Lasseter Shari Redstone Skydance Media Todd Spangler Ny Larry Ellison

Paramount-Skydance Merger: 5 Burning Questions About the Deal

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variety.com

Todd Spangler NY Digital Editor Is Skydance Media the forward-looking entity that Paramount Global needs right now to save the company?

Ending months of M&A drama, Paramount Global and Skydance Media, David Ellison’s smaller media and production company, on Sunday announced a two-part transaction that will result in Skydance buying out Shari Redstone’s National Amusements Inc.

and then merging with Paramount — to form what the Skydance team for now is calling “New Paramount.” About $6 billion of the money to fund the deal is coming from the family of Oracle founder Larry Ellison (David’s father), with about $2 billion from Gerry Cardinale’s RedBird Capital Partners private-equity investment firm.

The companies said they expect the deal to close by Sept. 30, 2025, pending regulatory clearances (analysts don’t expect any major hurdles there) and other conditions.

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