 The new combined company is valued at around $28 billion. In connection with the proposed transaction, which is expected to close in September of 2025, pending regulatory approval, a consortium led by the Ellison family and Redbird Capital will be investing $8 billion. Skydance, based out of Santa Monica, California, has helped produce major Paramount hits in recent years, including Tom Cruise films like Top Gun Maverick and installments of the Mission Impossible series.