 There's been a merger of media giant Paramount and Skydance. If regulators approve, the combined company of Paramount and Skydance will be valued at around $28 billion. It would be called New Paramount. The deal is expected to close in September 2025. Paramount has been around since 1914 and is responsible for such films as The Godfather and Raiders of the Lost Ark. Skydance was founded in 2010 and has worked with Paramount on Top Gun Maverick and the Mission Impossible movies.