Paramount-Skydance Merger Clears SEC And EU Amid Ongoing, Fractious FCC Review
deadline.comParamount Global moved a step closer to a deal, technically anyway, as the Securities and Exchange Commission made effective its registration statement outlining the transaction.
It’s a complicated process and can be a long one as the commission comes back with questions that need to be addressed to its satisfaction.
That’s now done. “On behalf of the Board of Directors (the “Paramount Board”) of Paramount Global, a Delaware corporation (“Paramount”), we are pleased to enclose the information statement/prospectus relating to the proposed transaction among Paramount, Skydance Media, LLC, a California limited liability company (“Skydance”), and certain affiliates of investors of Skydance,” read the company’s official S-4, which can be formally sent to shareholders.
Earlier this week, the European Commission approved the proposed merger, saying it doesn’t pose competitive concerns in the EU given the combined company’s limited market position.
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