Paramount and Warner Bros. Discovery's $110 billion merger closes

Deadline reports the $110 billion merger closed October 6 after a year-long contest for control of Warner Bros. Discovery. The combined company, Skydance, was set to begin trading on the NYSE later that day and starts with about $80 billion in debt. The deal survived an antitrust lawsuit by 12 state attorneys general; a five-year consent decree requires concessions, including negotiating pay-TV deals as though the companies were still separate.