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Paramount and Warner Bros. complete $110 billion merger as Skydance
Original: Controversial $110 billion mega-merger of Paramount and Warner Bros. finally closes New media empire will be known as Sk
The $110 billion mega-merger between Paramount and Warner Bros. has officially closed, creating a new media empire that will operate under the Skydance name. CEO David Ellison called the deal's completion a 'historic day.' The merger had drawn controversy over its size and potential consolidation of power in Hollywood, and reactions to the closed deal continue to mix celebration of the new combined company with concerns about its market dominance.
Why now: The closure of a long-debated, controversial mega-merger reshaping the entertainment industry is major news.
ParamountWarner Bros.SkydanceDavid Ellison
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