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Fortune
Fortune
Allie Garfinkle

Paramount-Skydance merger faces a new challenge over concerns about a China-based investor

Shari Redstone appears at a red carpet event, with this close up shot showing her smiling in a dark indigo blazer and black top. (Credit: Jared Siskin—Patrick McMullan/Getty Images)

The proposed blockbuster merger between Hollywood studios Paramount and Skydance Media received a new challenge this week. 

The Center for American Rights (CAR), a nonprofit law firm, has asked the Federal Communications Commission (FCC) to challenge the $8.4 billion deal, initially announced in early July. In the filing, CAR expressed concerns over an investment in Skydance by China-based tech company Tencent. 

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