The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.

Skydance Media has officially received regulatory clearance from the Federal Communications Commission (FCC) to proceed with its $8 billion acquisition of Paramount, the parent company of CBS News.

Skydance Media, run by David Ellisonthe son of Oracle founder Larry Ellisonalready spends around $2.2 million annually on Oracle's cloud services. But with the Paramount deal in motion and backed by Larry Ellison,

The Federal Communications Commission has approved Skydance Media's $8 billion takeover of Paramount Global, which critics have blasted as a move to appease President Donald Trump. The FCC cleared the deal in a 2-1 partisan vote on Thursday,

Federal regulators on Thursday approved Paramount’s $8 billion merger with Skydance, clearing the way to close a deal that combined Hollywood glitz with political intrigue.

Skydance, which is acquiring Paramount Global in an $8 billion merger, was founded by Oracle Chairman Larry Ellison's son.