UPDATED with internal memo: Paramount Global’s co-CEOs told employees Friday that they expect an August 7 closing date for the company’s merger with Skydance, praising staffers’ efforts during the grueling process of getting the deal done.
The companies had earlier confirmed the expected closing date, which follows an epic, years-long effort to sell the home of Paramount Pictures and CBS.
In a memo obtained by Deadline, co-CEOs George Cheeks, Chris McCarthy and Brian Robbins wrote that despite all of the turbulence, “Paramount has made great progress – none greater than over the past year. We truly have momentum as a company and that’s a testament to you, our talented teams, with your incredible ability to deliver hit shows and blockbuster films, and all the critical pieces that make those things happen behind the scenes from BALA, finance, HR, communications, marketing, technology, distribution, partnerships, sales, consumer products, government relations and more – even in the context of a rapidly evolving landscape.”