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PARAMOUNT SKYDANCE CLOSES $110 BILLION WARNER BROS. DISCOVERY ACQUISITION TO CREATE NEW MEDIA GIANT

Paramount Skydance has completed its approximately $110 billion acquisition of Warner Bros. Discovery, creating a new media giant under the Skydance name. The combined company now controls Paramount Pictures, Warner Bros., HBO, CNN, CBS, HBO Max, Paramount+ and some of the entertainment industry’s largest franchises.