A prolonged FCC review against a backdrop of President Donald Trump ’s lawsuit is fueling speculation that a Paramount – Skydance marriage may be heading for the rocks.
In a note Wednesday, analyst Rich Greenfield of LightShed Partners voiced what others have started to wonder, saying he’s “increasingly concerned the deal could collapse as Paramount is paralyzed by legal fears surrounding the pending President Trump–CBS 60 Minutes lawsuit.”
The proposed merger announced last summer carried several automatic 90-day extensions. If it doesn’t close by July 7 that will trigger another round through early October. Greenfield believes the parties will walk away if it’s not done by then. A $400 million breakup fee would not apply in that case since FCC approval was a condition of the de