Paramount And Skydance Just Agreed To A Takeover. But Media's Messiest Deal Isn't Over Yet.

Exiting Paramount CEO Bob Bakish, Paramount Global major shareholder Shari Redstone, Mission Impossible star Tom Cruise, and Nickelodeon boss Brian Robbins.Jason Mendez via Getty ImagesParamount agreed to merge with Skydance Media after tumultuous acquisition talks.But the Hollywood megamerger may face FTC scrutiny.Under Lina Khan, the FTC has brought antitrust lawsuits against companies in a variety of industries.Paramount, the media giant that owns Nickelodeon and MTV, has finally agreed to a deal with Skydance Media, the companies said late Sunday.The deal includes an acquisition of National Amusements, which holds the controlling stake in Paramount, and a merger of Skydance and Paramount Global.The announcement wraps up the long and confusing Hollywood mega-merger with two personalities at the center: Shari Redstone, who owns the controlling stake in Paramount via National Amusements, and David Ellison, the CEO of Skydance.But the drama is not over yet, because the Federal Trade Commission could step in with antitrust concerns.

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