Paramount Global And Skydance Media Ink $28B Merger, Forming New Entity

Paramount Global and Skydance Media have inked a definitive agreement to create a new entity, “New Paramount,” in a $28 billion merger deal. The merger, announced on Sunday, will see the formation of a “next-generation media and technology leader,” according to a press release from Skydance Media. The deal involves the acquisition of National Amusements, Inc., which holds the controlling stake in Paramount, and a subsequent merger of Skydance and Paramount Global.