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Skydance has completed its $110 billion takeover of Warner Bros Discovery, creating a new Hollywood heavyweight. David Ellison will lead the combined company, which has named its executive leadership team.
Paramount Skydance completed its acquisition of Warner Bros. Discovery, forming a combined company named Skydance. WBD shareholders received USD 31.01666668 per share in cash; WBD shares ceased trading on Nasdaq. Skydance Class B shares began trading on the NYSE under ticker SKYD. The combined group targets at least US
Paramount Completes Acquisition Of Warner Bros. Discovery
Paramount Skydance Chief David Ellison reportedly plans to install Paramount executives to lead Warner Bros. Pictures once the $110 billion acquisition of Warner Bros. Discovery is finalized next week. This move is expected to reshape the leadership of the combined film business.