David Ellison’s $81B merger of Paramount and…
David Ellison’s $81 billion merger of Paramount and Warner Bros. Discovery formally closed Tuesday more than seven months after his successful bid, creating a new media behemoth recognized as Skydance.
The mixed company will embrace two historic movie studios and their Hollywood heaps; major streaming companies HBO Max and Paramount+; GWN and CBS News; live sports activities channels including CBS Sports and TNT Sports; and hundreds of iconic film titles.
An aerial view reveals the Paramount emblem displayed on the water tower at Paramount Studios in Los Angeles. Getty Images
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