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.

Paramount Global said on Friday it expects to complete its merger with Skydance Media by August 7, following government approval for the $8.4 billion deal.

The FCC approved Skydance Media's $8 billion bid to acquire Paramount, the parent company of CBS. The green light from the FCC comes after Paramount agreed to a $16 million settlement with President Trump over his lawsuit accusing “60 Minutes” of deceptively editing an interview with then-presidential candidate Kamala Harris.