Paramount Completes Acquisition of Warner Bros. Discovery. Here’s What Comes Next for Skydance (SKYD).
The new combined equity will now trade as Skydance Corporation.
Overview
Many investors initially thought the Paramount-Warner Bros. Discovery merger would struggle to get over the finish line due to antitrust concerns. But a little more than seven months after announcing the tie-up, Paramount, led by CEO and chairman David Ellison, has closed the roughly $111 billion acquisition.
The combined entity will be called Skydance Corporation (NYSE: SKYD).
Details
The new company will be a media juggernaut, owning some of the strongest brands in streaming and television, including CBS, CNN, and HBO, as well as film studios such as Paramount Pictures and Miramax.
Source
Originally published at www.fool.com.
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