Paramount completes $111B Warner merger, creating “Skydance” behemoth

Paramount has completed its $111 billion merger with Warner Bros. Entertainment, creating a media giant known as Skydance. The acquisition is a result of a last-ditch effort to block the deal, which has been met with regulatory hurdles. The merged entity is expected to become one of the largest media companies in the world, with a vast library of content and significant resources.