FCC Greenlights Blockbuster Paramount-Skydance Merger

The United States Federal Communications Commission has given the green light to a major $8 billion merger between Paramount Global and Skydance Media, spearheaded by David Ellison. This approval follows Skydance's commitments related to CBS management and diversity, equity, and inclusion initiatives.

The U.S. Federal Communications Commission has approved the significant merger between Paramount Global and Skydance Media, allowing the $8 billion deal to proceed.

This decision follows Skydance Media's commitments concerning the management of CBS and pledges focused on diversity, equity, and inclusion policies.

Variety reports that these crucial factors were instrumental in the approval, paving the way for expanded collaboration between the media giants.

(With inputs from agencies.)