BusinessParamount Skydance Completes $110 Billion Warner Bros Discovery Deal
Paramount Skydance finalized its $110 billion acquisition of Warner Bros Discovery on October 6, creating one of the world's largest entertainment companies. Skydance CEO David Ellison now controls a vast portfolio including Paramount, Warner Bros, HBO Max, CBS, CNN, and DC Studios, with franchises like Mission: Impossible and Harry Potter. The new company trades on the NYSE as SKYD after resolving legal challenges from US states and the Hollywood writers union.
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