Latham & Watkins Advises Skydance Media in Completed Merger With Paramount Global

Skydance Media and Paramount Global announced the completion of their merger, creating a premier standalone global media and entertainment company, Paramount, a Skydance Corporation (Paramount). Paramount Class B shares will begin trading on the Nasdaq Stock Market LLC under the new ticker symbol “PSKY.” Supported by RedBird Capital's business building and financial acumen, the newly combined entity will rely on best-in-class leadership and tech-enabled innovation to revitalize and position one of entertainment's most storied enterprises for long-term success.

Latham & Watkins LLP represented Skydance Media and the Investor Group (comprised of the Ellison Family and RedBird Capital Partners) in the transaction with a corporate deal team led by partners Charles Ruck, Ian Nussbaum, Max Schleusener, Rick Offsay, and Liliana Paparelli Ranger, with associates Lauren Lefcoe and Rachelle Polsky. Advice was provided on tax matters by partners Pardis Zomorodi and Katharine Moir and on executive compensation, employment, and benefits matters by partner Julie Crisp.