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Paramount, Skydance merger deal ends Redstone era

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Paramount Global and Skydance Media have agreed to merge, both sides said in a statement late Sunday, putting an end to months of negotiations.

Seen as the smallest among power players in the world of television and streaming, Paramount has been courted in recent times.

The merger marks a key step forward for movie studio Skydance, which co-produced the 2022 Tom Cruise blockbuster Top Gun: Maverick with Paramount.

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