The Federal Communications Commission has approved the $8 billion merger of Paramount Global and Skydance Media, claiming “significant changes,” are coming to the CBS owner.

The Federal Communications Commission approved Skydance Entertainment’s merger with Paramount Global on Thursday, clearing the way for the more than $8 billion deal to close and ending a multiyear saga with enough plot twists for a soap opera.

Shares of Paramount are set to open higher Friday after long-awaited FCC approval for its merger erased a big question mark hovering over the company's future, but amid ongoing uncertainty about its strategic plans under Skydance Media.

Skydance got an immediate taste of the public relations headaches that come with the studio’s powerful, Trump-baiting talent.

Skydance Media has made additional promises to the FCC in an effort to get approval for its $8 billion merger with Paramount Global.

Jon Stewart lambasted CBS’ decision to cancel “The Late Show With Stephen Colbert” on Monday’s episode of “The Daily Show,” ripping their shared parent company, Paramount Global, for what he called a

President Donald Trump said Paramount's soon-to-be new owners Skydance agreed to an additional $20 million payment on top of the company's $16 million settlement of CBS' "60 Minutes" lawsuit, to be paid in the form of public service announcements and other programming.

Show' host's comments came shortly before it was announced that CBS has canceled 'The Late Show With Stephen Colbert.'