Why skydance Is Trending Today?

Skydance's $8 billion merger with Paramount, initially delayed, is now set to close on August 7, following FCC approval. The deal, which has sparked controversy, will see Larry Ellison hold 35.5% of the voting rights in the new entity. David Letterman criticized the merger's impact on CBS programming.

US regulators approve $8 billion Paramount-Skydance merger, ending months of turmoil, with conditions including content changes and ending diversity, equity, and inclusion programs.