 640 Money News at 10 and 40 past the hour brought to you by PenFed. Great rates for everyone. Paramount Global, which owns Paramount+, CBS, Nickelodeon and more, has agreed to join forces with Skydance Media. Axios reports that under the deal, Skydance will invest more than $8 billion in the new company. The two have worked together in the past to co-produce movies such as Mission Impossible and Transformers.