Deal closed: Skydance to merge with Paramount
The value of the new company thus amounts to some 28 billion dollars.
![Sede del edificio de Paramount Global situado en Nueva York.](https://imagenes.voz.us/files/image_large/uploads/2024/06/18/667161cc950d2.jpeg)
The Skydance Media studio will merge with the media group Paramount Global. Its shareholders will take control of the new entity through a total investment of more than 8 billion dollars. The deal requires regulatory approval, which will take at least a few months.
The information was confirmed by a statement obtained by AFP. The deal brings to an end several months of back-and-forth between the two companies to reach an agreement.
Now, the shareholders of Skydance will buy National Amusements (NAI), the holding company that controls Paramount, for US$2.4 billion in cash, included in the US$8 billion investment.
In that sense, it was learned that, although National Amusements owns less than 10% of Paramount's capital, it has 77.4% of the voting rights.
The value of the new company, which will keep the name Paramount, thus amounts to some 28 billion dollars, according to AFP estimates.
The deal comes a month after it became known that National Amusements chairman Shari Redstone, stopped a deal at the last minute and reported in a statement that she rejected an offer from Skydance to acquire the media conglomerate for $2.25 billion.
Paramount controls the CBS, MTV, Nickelodeon and Comedy Central TV networks, and the Paramount+ streaming service in addition to the Paramount film and television studio.