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Skydance与派拉蒙环球(PARA.US)驳斥反对者:合并影响竞争的担忧“毫无根据”

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

Zhitong Finance ·  Jan 3 15:34

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

Zhitong Finance learned that on Thursday, Skydance Media and Paramount Global (PARA.US) defended their $8.4 billion merger plan, urging the US Federal Communications Commission (FCC) to dismiss critics' objections, calling them “baseless” and “worthless.” Center for American Rights, a non-profit public service law firm, petitioned the FCC in December last year to block this merger, citing concerns that Tencent Holdings' (00700) investment in Skydance would have a foreign impact on the US media.

In a document submitted to the FCC, the companies described the petition from the organization and other critics, including LiveVideo.ai and Fuse Media, as a “procedural flaw” and lacking in value. The document refuted LiveVideo.ai's concerns about competition, saying its alleged “sales process was manipulated” had nothing to do with the FCC's regulatory role. The two companies said: “The parties have not found any damage related to the transaction, and it is worth refusing the application or imposing conditions.”

David Ellison's Skydance reached an agreement with Paramount in July 2024 to merge the two media companies. It was a complicated two-step process that ended months of discussion and speculation about the future of one of Hollywood's oldest film companies. The merger is expected to be completed in the first half of this year.

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