Paramount-Skydance Marriage Seen Riskier After Carr's Comments -- Market Talk

Dow Jones03:03

1402 ET - Paramount's merger with Skydance is slightly riskier after some choice comments by Brendan Carr, Trump's pick to lead the FCC. Carr said on Fox News earlier this week that as part of the merger review, the agency would look at a controversy over an interview with Kamala Harris on 60 Minutes during the campaign. TD Cowen analyst Paul Gallant says in a research note that the comments increase the risk that the commission may block the merger. He still expects the deal to be approved, partially because of the backing of conservative donor Larry Ellison, but notes the new material risk. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

November 21, 2024 14:03 ET (19:03 GMT)

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