Market News / Story
Paramount's $110 Billion Warner Bros. Deal Reaches the Finish Line
GuruFocus ·
GuruFocus reports: Paramount Skydance (PSKY, Financials), the media company led by David Ellison, is expected to complete its $110 billion acquisition of Warner Bros. Discovery on Tuesday, bringing an end to a takeover battle that lasted more than a year. The transaction combines Warner Bros.' film studio, streaming operation and cable networks with Paramount's existing entertainment businesses. Once the deal closes, the combined company will operate under the Skydance name. Ellison has…