Skydance acquires CBS and Paramount Pictures
Skydance Media, controlled by the Ellison family, combined with Paramount Global to form Paramount Skydance Corporation, ending the control National Amusements and the Redstone family had held over CBS and Paramount Pictures. Paramount Class A holders could take $23.00 in cash a share and Class B holders $15.00, and because the deal transferred control of CBS's television station licences it needed the consent of the Federal Communications Commission, which granted it over one commissioner's dissent.
- Value
- $8bn
- Buyer
- Skydance
- Seller
- National Amusements
- Regulatory
- Cleared with remedies