From Yahoo Finance: 2025-06-02 19:09:00

Paramount Global nominated three new directors to strengthen its board as it awaits regulatory approval for an $8.4 billion merger with Skydance Media. The nominees are Mary Boies, Charles Ryan, and Roanne Sragow Licht.

President Trump filed a $10 billion lawsuit against CBS News, owned by Paramount, alleging deceptive editing of an interview with Kamala Harris. Analysts see the lawsuit as a potential obstacle to the Paramount-Skydance merger.

The merger needs approval from the FCC due to broadcast license transfers. Paramount offered $15 million to settle Trump’s suit, which he later raised to $20 billion. Negotiations are ongoing.

Paramount is ensuring a full board is in place as negotiations with Trump continue. The annual stockholder meeting is scheduled for July 2, with the merger hanging in the balance.



Read more at Yahoo Finance: Paramount Global nominates three board directors as Skydance merger awaits approval