Ratings Agencies Call Skydance, Paramount Merger Positive But See Risks In Long Lead Time, Linear TV Declines
They expect the deal to close in the third quarter of 2025. Skydance and Paramount announced their merger late Sunday nightafter months of on-and-off negotiations. Theres a 45-day go shop period for other interested buyers to jump in the ring. David EllisonGetty Images If the current deal falls through, Skydance gets a $400 million breakup fee. Its leverage must fall for that to happen.