Paramount and Warner Bros. Discovery complete $110 billion media megamerger

Paramount has completed its $110 billion acquisition of Warner Bros. Discovery, forming a combined company known as Skydance. The merger brings together Paramount and WBD's film studios, as well as major networks and brands like HBO, CBS News, and CNN, under one roof. The combined company will have significant media assets, including film studios, television networks, and news outlets. The merger was valued at $110 billion.