Paramount Skydance has completed its $110bn takeover of Warner Bros Discovery, creating a media giant rebranded as Skydance Corporation. The deal, approved by competition authorities worldwide, follows legal disputes and a settlement with US states. It unites HBO, CBS, CNN and iconic franchises, with commitments to release 30 films annually and protect editorial independence.
Paramount Completes $110bn Warner Bros Discovery Takeover
Source: BBC