Paramount Skydance announced yesterday that it has completed its acquisition of Warner Bros. Discovery, creating a large company under the name Skydance that brings together two long-established Hollywood studios, two global streaming services, and two major US news organizations under one roof. The acquisition, which consists of both cash and assumed debt, is valued at nearly 111 billion US dollars, making it one of the highest-value mergers in media industry history. Skydance said the combined company will generate nearly 70 billion US dollars in annual revenue and will list on the New York Stock Exchange under the ticker SKYD.
Paramount Skydance CorporationParamount Skydance completed its ~$111B acquisition of Warner Bros. Discovery, a major M&A event creating a combined company listing as SKYD.
Warner Bros Discovery IncWarner Bros. Discovery is being acquired by Paramount Skydance for nearly $111B in cash and assumed debt.
