Paramount announced on Tuesday that it has completed its $110 billion acquisition of Warner Bros. Discovery to create a combined company called Skydance.
The deal, which is one of the biggest mergers of all time, brings together two major streaming platforms, Paramount+ and HBO Max, along with networks including CBS, CNN, MTV, TBS, Comedy Central, and Food Network. Skydance will also gain control of major franchises such as “The Lord of the Rings,” “Game of Thrones,” the DC Universe, and “Yellowstone.”
