Paramount agrees to sweetened Skydance merger deal

/ The deal between the companies behind Titanic and Top Gun: Maverick is expected to close in the first half of 2025.

Skydance founder David Ellison is set to become Paramount’s new chairman and chief executive. Brian van der Brug / Los Angeles Times via Getty Images

Paramount Global has agreed to merge with Skydance Media in a deal that will see the joint enterprise, temporarily dubbed “New Paramount,” valued at approximately $28 billion.

As part of the two-step agreement announced on Sunday, Paramount Chair Shari Redstone

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