Paramount Closes $110 Billion Warner Bros. Deal, Forms Skydance
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Skydance-owned Paramount completed its approximately $110 billion takeover of Warner Bros. Discovery on Tuesday, creating a new media giant called Skydance under CEO David Ellison. The combined company unites Paramount Pictures, Warner Bros. studios, CNN, CBS News, HBO Max and Paramount+ under one corporate umbrella, now trading on the NYSE as "SKYD."
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