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Skydance Media, Paramount Global plan to merge, form New Paramount company with enterprise value of $28 billion (correct*)

( July 7, 2024, 12:00 GMT | Official Statement) -- MLex Summary: Media companies Skydance Media and Paramount Global intend to combine into a single entity: New Paramount. The consolidated firm's enterprise value would be roughly $28 billion. *Corrected on March 10, 2025 at 21:25 GMT: The original valuation of the transaction was incorrect in the original.See press release below....

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