Paramount Skydance has completed its acquisition of Warner Bros. Discovery, and the new company will be named Skydance. The deal is valued at approximately $110 billion, bringing together major Hollywood companies to create a major entertainment company.
Paramount Skydance, a major U.S. media company, formally announced that it had completed its acquisition of Warner Bros. Discovery. As part of the integration, the new company will be named Skydance.
The deal is valued at approximately $110 billion, or around ¥17 trillion, creating a major entertainment company with Hollywood film studios, television networks and streaming services under its umbrella.
Netflix, an emerging player, had also joined the bidding for Warner Bros., but Paramount was ultimately reported to have prevailed.