Paramount Closes $110 Billion Warner Bros. Merger After Months Of Controversy

Paramount completed its acquisition of Warner Bros. Discovery on Tuesday, creating a new media mega-player called Skydance that will control large swaths of the entertainment industry and ending a monthslong saga as the merger has drawn widespread opposition in Hollywood.

Paramount announced Tuesday morning the deal had been finalized, after saying last week it expected to close the deal this day, with CEO David Ellison describing it as a “historic day” in a statement.

Skydance shares will start trading on the stock exchange under the ticker symbol “SKYD,” the company said Tuesday, while Warner Bros. shares will cease trading.

Read the full story on Forbes: https://www.forbes.com/sites/alisondurkee/2026/10/06/skydance-is-here-paramount-closes-110-billion-warner-bros-merger-after-months-of-controversy/

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