Paramount Skydance Deal Secures Board Seats, Ellison Named Chairman
The Skydance media deal with Paramount Global has been finalized, with all three Skydance representatives joining the Paramount Global board of directors. Larry Ellison will serve as the chairman of the board.
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01:08:09 PM UTC
SquawkNews
The media business getting ready to merge with Warner Bros. is Paramount Skydance Corp. (PSKY, Financials). Discovery launched a $52 billion debt issue, which increases the cost of closing the deal but provides funding for the acquisition.Investment-grade and junk-rated bonds with interest rates as…