Paramount closes $110bn deal with Warner Bros Discovery: The new firm is Skydance
Paramount completed its $110 billion acquisition of Warner Bros. Discovery, creating a new entity named Skydance. The deal values Warner's equity at $81 billion, with Paramount offering $31 per share. David Ellison will lead Skydance alongside co-CEO Ynon Kreiz, marking a significant shift in the entertainment landscape.