Paramount Global, SkyDance Hit Back at Critics of Proposed Merger

MT NewswiresJan 3 19:01

Skydance and Paramount Global (PARA.US) refute opponents: Concerns about the merger affecting competition are "groundless."

On Thursday, Skydance Media and Paramount Global defended their $8.4 billion merger plan.

Zhitong FinanceJan 3 15:34

Skydance and Paramount Global (PARA.US) urge the Federal Communications Commission to reject opposition to their merger.

According to a report by Reuters, Skydance Media and Paramount Global (PARA.US) are urging the USA Federal Communications Commission to reject opposition to their merger, stating that the objections are unfounded and baseless. The Center for American Rights law firm filed a petition last month to block the merger, citing concerns over Tencent's (00700.HK) investment in Skydance, which raises apprehensions about foreign investment's impact on USA media. Skydance and Paramount Global stated that the law firm and other petitioners opposing the merger, including

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BenzingaJan 1 05:28

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BNN BloombergJan 1 01:05

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