Skydance and Paramount Defend $8.4 Billion Merger Against Objections - PRESS AI WORLD
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Skydance and Paramount Defend $8.4 Billion Merger Against Objections

share-iconFriday, January 03 comment-icon2 weeks ago 9 views
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reutersREUTERS
Skydance and Paramount Defend $8.4 Billion Merger Against Objections

Credited from: REUTERS

  • Skydance Media and Paramount Global are defending their planned $8.4 billion merger against critics.
  • They urged the Federal Communications Commission (FCC) to dismiss opposition, deeming it "unwarranted" and "meritless."
  • The Center for American Rights petitioned to block the merger, raising concerns over foreign influence from Tencent Holdings.
  • In their FCC filing, both companies argued that the critic's claims lack merit and do not present transaction-related harm.
  • The merger is anticipated to close in the first half of 2025, following months of negotiations.

For more details, visit the original article here.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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