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🛑PARAMOUNT GLOBAL MERGES WITH SKYDANCE

🛑PARAMOUNT GLOBAL MERGES WITH SKYDANCE

Day: 08 | Time: 11:46:43 The major media conglomerate Paramount Global and Skydance Media, founded by David Ellison, son of Oracle founder Larry Ellison, announced on Sunday evening their agreement to merge in an all-stock transaction, forming New Paramount with an enterprise value of approximately $28 billion. In pre-market trading on Nasdaq, Paramount Global shares gained about 4.7 percent.