Skydancing At Last: $110B Merger Of Paramount And Warner Bros. Discovery Officially Closes

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The merger between Paramount and Warner Bros. Discovery has officially closed, creating a new media behemoth known as Skydance. The deal, valued between $81 billion and $110 billion, follows a bidding war with Netflix and legal challenges from twelve state attorneys general. This new entity combines various Hollywood studios, cable networks, and streaming services. Shares for Skydance began trading on the New York Stock Exchange on Tuesday, marking the conclusion of a long-gestating process initiated approximately one year ago.
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