USA: merger of Paramount Global & Skydance Media into an entity valued at $28bn

US conglomerate Paramount Global and US production company Skydance Media have entered into an agreement to merge their businesses to form "New Paramount", a "next generation media and technology leader," announced the two parties on 07/07/2024.

Skydance Media, together with its investors, including the US fund RedBird Capital Partners, will...