The Firm is representing Paramount Global (“Paramount”) in connection with its proposed merger with Skydance Media, LLC (“Skydance”). The terms of the agreement value the combined company at an enterprise value of approximately $28 billion. Completion of the transaction is subject to regulatory approvals and customary closing conditions, and the transaction is expected to close in 2025.
Paramount is a leading global media, streaming and entertainment company that creates premium content and experiences worldwide. Driven by iconic consumer brands, Paramount’s portfolio includes CBS, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+ and Pluto TV.
Skydance is the diversified media company founded by David Ellison in 2010 to create high-quality, event-level entertainment for global audiences.
The Simpson Thacher team included: Eric Swedenburg, Katherine Krause, Elias Rosenblatt, Muaaz Maksud and Millen Trujillo (M&A); Jamin Koslowe, Kristy Fields and Guanxiong Xu (ECEB); Jonathan Goldstein, Andrew Mandelbaum, Emma Wang and Jiha Min (Tax); Brian Steinhardt and Patrick Wolff (Banking & Credit); Hui Lin (Capital Markets); Jonathan Lindabury and Nathan Utterback (Derivatives); Lori Lesser and Bobbie Burrows (Intellectual Property); Sara Razi and Daniel Owsley (Antitrust); Michael Isby (Environmental); and Krista McManus and Dennis Loiacono (Real Estate).