The Economic Times

Inside Hollywood's biggest plot twist: How Paramount closed $110 billion Warner Bros deal to create Skydance

Paramount Skydance finalized its acquisition of Warner Bros Discovery for $110 billion after a prolonged bidding war. Following the merger, shares of Skydance began trading on the New York Stock Exchange under the ticker 'SKYD'. The deal faced scrutiny and opposition from various Hollywood figures and state attorneys general concerned about job losses. Regulators permitted the transaction despite legal challenges, including lawsuits from the Writers Guild of America.