Now that David Ellison’s Skydance has secured the keys to Paramount Global, what toys await him inside the company’s intellectual property chest? After a nail-biting federal approval process that inspired backlash,

After finally getting approval from the Federal Communications Commission, Skydance Media is just weeks away from completing its $8-billion merger with Paramount Global, leading to sweeping changes for some of the most iconic media brands.

The Federal Communications Commission on Thursday approved the merger between Paramount Global and Skydance Media

On Thursday, the Federal Communications Commission, led by Brendan Carr, approved the deal, which was seen as the final hurdle to the close after a fraught few months of speculation involving how President Trump may have influenced discussions given his $16 million settlement with the company in his legal battle with CBS News' 60 Minutes.

With the FCC having cleared the Skydance Media-Paramount merger and the deal set to close in a matter of weeks, Paramount Global co-CEO Chris McCarthy will leave the media conglomerate, a company source confirmed to Variety.

The US FCC has approved the merger of Paramount Global and Skydance Media. This deal transfers control of CBS, Paramount Pictures and other networks t