The Paramount Global-Skydance Media merger gets a 90-day extension to July 6th due to FCC review.

The $8 billion merger between Paramount Global and Skydance Media has been granted a 90-day extension, pushing the deadline to July 6th. This extension is due to the Federal Communications Commission's (FCC) ongoing review of a required license transfer. The agreement allows for two automatic 90-day extensions if regulatory approvals are pending, potentially pushing the deadline to October if needed.