Paramount's $8.4 bln Skydance merger faces FCC challenge by Center for American Rights

Reuters
2024-12-18

Dec 17 (Reuters) - The Center for American Rights, a non-profit public-interest law firm, has petitioned the Federal Communications Commission $(FCC.AU)$ to challenge the planned $8.4 billion merger between Paramount Global and Skydance Media, a filing showed on Tuesday.

China's Tencent Holdings' investment in Skydance sparks concerns about foreign influence on U.S. media, the firm said.

The group also said Paramount's CBS News division "has a troubling track record of ideological bias and news manipulation" and the CBS Television division has shown "racial discrimination in hiring and promotion".

Paramount declined to comment, while Skydance did not immediately respond to Reuters request for comment.

In July, David Ellison's Skydance struck a deal with Paramount to combine the two media houses in a complex two-step process, ending months of discussion and speculation about the future of one of Hollywood's oldest studios.

The merger is expected to close in the first half of 2025.

The deal would combine Paramount, home of such classic films as "Chinatown," "Ferris Bueller's Day Off" and "Breakfast at Tiffany's," with Skydance which was its financial partner on several major films, including "Top Gun: Maverick," "Mission: Impossible-Dead Reckoning" and "Star Trek Into Darkness."

Earlier this year, a Paramount investor sued to block the deal saying it would cost its shareholders $1.65 billion.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Vijay Kishore)

((HarshitaMary.Varghese@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10