The entertainment company Paramount Global is expected to close its $8bn merger agreement with Skydance Media on August 7, a date that marks two weeks after the administration of President Donald Trump gave its approval.
On Friday, the two companies announced the final stage of the yearlong deal, which was first unveiled in July 2024.
The merger is considered a massive shake-up in the media landscape of the United States, drawing to a close the reign of the powerful Redstone family over the Paramount entertainment empire.
But the merger has garnered even more attention in recent weeks for its political backdrop.
On Thursday, the Federal Communications Commission (FCC) gave the green light for the merger to go forward, after a series of moves…
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