Paramount Closes $110 Billion Warner Bros. Merger, Forms Skydance
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Paramount Skydance completed its approximately $110 billion acquisition of Warner Bros. Discovery on Tuesday, creating a new media company called Skydance Corp. led by CEO David Ellison. The merger combines major studios, streaming platforms including HBO Max and Paramount+, and news networks CBS News and CNN under one roof, trading on the NYSE as 'SKYD'.
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