This regulatory milestone concludes a lengthy and complex acquisition process that spanned over a year and included legal challenges and policy commitments. As reported by Bloomberg, the FCC's approval followed Skydance's agreement to a range of conditions related to political neutrality in programming and the discontinuation of certain diversity initiatives. The transaction positions David Ellison, Skydance's CEO and son of Oracle Corp. co-founder Larry Ellison, at the helm of Paramount Global—a media conglomerate that encompasses CBS, MTV, and Paramount Pictures. Ellison secured the deal last July after months of negotiation with Shari Redstone, whose family has long controlled the company. He ultimately outmaneuvered competing bids from Sony Group Corp. and financier Edgar Bronfman Jr., per Bloomberg.