Report
Paramount Skydance closes $110 billion acquisition of Warner Bros. Discovery
Nerdist reports the combined companies will operate under the Skydance name, with CBS, HBO and CNN among their assets.
TLDR
Nerdist reports that Paramount Skydance CEO David Ellison closed the $110 billion purchase of Warner Bros. Discovery. The combined company will operate under the Skydance banner. Nerdist says Skydance is targeting at least $6 billion in run-rate synergies within three years and says it will produce 30 theatrical films a year and 180-plus television shows and series under its agreements with state attorneys general.
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