The Economic Times

Paramount seals $110 billion Warner Bros mega merger deal, creates Hollywood powerhouse Skydance

Paramount Skydance has completed its $110 billion takeover of Warner Bros Discovery, creating a major Hollywood entertainment company spanning film, television, streaming and news. The combined entity, named Skydance, will trade as SKYD on the New York Stock Exchange. CEO David Ellison will oversee strategy as the companies pursue $6 billion in cost savings.