Beccar Varela advises Skydance in merger with Paramount
PRESS RELEASE
Buenos Aires, August 26th, 2024 — Beccar Varela advised Skydance Media in its merger with Paramount Global to create New Paramount, a new leading media and technology company valued at $28 billion. The agreement was signed on July 7, and the transaction is expected to close in the first half of 2025.
New Paramount will be a premier, creative-first destination for storytellers, dedicated to top-quality content and positioned to improve profitability, foster stability and independence for creators, and enable greater investment in growth areas.
Beccar Varela advised Skydance in Argentina, handling due diligence and providing legal assistance in drafting the transaction documents, as well as regarding the regulatory permits and framework. Latham & Watkins coordinated the transaction in the different jurisdictions.
Skydance Media is an American media company headquartered in California, founded by David Ellison in 2010 to create high-quality entertainment for global audiences, including film, television, gaming, animation, and sports.
Paramount Global is a leading global media, streaming, and entertainment company that creates premium content and experiences for audiences worldwide.
Argentine Counsel to Skydance:
Beccar Varela: team led by partners María Shakespear and Ramón Moyano, along with senior associate Luciana Liefeldt and associate Tomás Burllaile. Also participating were partners Florencia Rosati, María Eduarda Noceti and Agustín Waisman; senior associates Mariana Lamarca Vidal and Alejandra Bouzigues; and associates Juan Pazos and Tomás Caputo.
US Counsel to Skydance
Latham & Watkins LLP: team lead by partners Justin Hamill, Bradley Faris, Ian Nussbaum, Max Schleusener, Rick Offsay, and Liliana Paparelli Ranger, along with associates Lauren Lefcoe y Rachelle Polsky. Also participating were partners Pardis Zomorodi, Katharine Moir, Julie Crisp, Makan Delrahim, Katherine Rocco, Matthew Brill and Elizabeth Park.·