-
Get involved.
We want your input!
Apply for Membership and join the conversations about everything related to broadcasting.
After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
If you use a disposable or false email address, your registration will be rejected.
After your membership is approved, please take a minute to tell us a little bit about yourself.
https://www.radiodiscussions.com/forums/introduce-yourself.1088/
Thanks in advance and have fun!
RadioDiscussions Administrators
Paramount-Skydance merger closing tomorrow?
- Thread starter tall_guy1
- Start date
Could they approve it tomorrow?
Even if approval came tomorrow at the FCC, I doubt the rest of the deal could be finalized so fast. And if the FCC puts any conditions on the sale, then it will take considerable time to write the closing documents. Such a deal likely has many, many boxes of documents that are made part of the agreement, and any change can affect multiple entities.
So likely it'll be pushed back another 3 months?
Here's a report that says it will close before the end of the summer:
nypost.com
This story came out before the settlement was announced.
Exclusive | Skydance boss David Ellison tells Hollywood pals that Paramount merger will close before end of summer: sources
Maybe Ellison knows something we don’t know. Both sides in the Trump-Paramount lawsuit have recently held settlement discussions, On The Money has learned.
nypost.com
This story came out before the settlement was announced.
But tall_guy1 needs the specific date and time...
There is no set procedure for closings, just as there is no "standard" procedure for mergers.
And we probably won't get that until there is an after the fact press release: "Today, company A and company B completed their merger. Jim Smith of Company A said, "this will be a great basis for the future of... "
And so on.
But if the sale is not completed today, it will be pushed back 3 months and Paramount will have to pay a fine.
That report deals mostly with the Trump lawsuit. It does not detail whether either side will be subject to a penalty for not closing "today".
Again, there are no rules that companies must follow for a merger action. In fact, they make up their own rules in the negotiations, and can change them at any point if there is agreement.
There are laws pertaining to how companies organize and operate, but we can do a lot of different things within those rules.
It looks like that's from a different article and must have misread it as the 400 million fine is just if they split. But looks like it's October now.
Read for comprehension, Mr. Tall_guy: IF one side decides to pull out of the merger while the other side has met its obligations under the agreement, then a penalty (as specified in the agreement) might kick in. If both sides are unhappy and want to walk away, it's within their power to dissolve the merger agreement without invoking any penalties. It's all in what's in the interests of the parties to the agreement, in their individual and collective judgments.
it also postponed the Digman second season premiere too as that show has South Park being it's lead in and is a show that is half-Indiana Jones parody, half Nic Cage parody in which the lead character is voiced by SNL Alumni Andy Sandberg playing the title character with a voice that mimics Nic Cage's voice.