Paramount-Skydance merger deadline extended 90 days as FCC approval remains in limbo

The closing deadline for Paramount Global and Skydance Media’s pending $8 billion merger has been automatically extended to July 6 as the Federal Communications Commission’s regulatory review of a required transfer of broadcast licenses remains ongoing.

Under the terms of the agreement outlined in an S4 prospectus filed with the U.S. Securities and Exchange Commission, the deal was initially expected to close by Monday. However, it is subject to two automatic 90-day extensions, which are triggered when “all of the conditions of the closing, except those relating to regulatory approvals, have been satisfied or waived.”

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