Paramount and Skydance just agreed to a takeover. But media's messiest deal isn't over yet.

• Paramount agreed to merge with Skydance Media after tumultuous acquisition talks.
• But the Hollywood megamerger may face FTC scrutiny.
• Under Lina Khan, the FTC has brought antitrust lawsuits against companies in a variety of industries.

Paramount, the media giant that owns Nickelodeon and MTV, has finally agreed to a deal with Skydance Media, the companies said late Sunday.