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Federal regulators approve Paramount's $8 billion deal with Skydance, capping months of turmoil
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Federal regulators approve Paramount's $8 billion deal with Skydance, capping months of turmoil

  • By WYATTE GRANTHAM-PHILIPS and MICHAEL LIEDTKE AP Business Writers

Federal regulators on Thursday approved Paramount's $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue. The stamp of approval from the Federal Communications Commission comes after months of turmoil revolving around President Donald Trump's legal battle with "60 Minutes," the crown jewel of Paramount-owned broadcast network CBS. With the specter of the Trump administration potentially blocking the hard-fought deal with Skydance, Paramount earlier this month agreed to a $16 million settlement with the president.

Sports

Warriors officially for sale

  • The Associated Press

The Golden State Warriors are for sale and Oracle Corp. CEO Larry Ellison has already made it well known he wants to buy the team. The Warrior…

Sports

U.S. boat wins back America's Cup

  • By Bernie Wilson

VALENCIA, Spain — Still bundled against the cold in his white foul-weather gear, software tycoon Larry Ellison hoisted the America’s Cup high …