Paramount and Warner Bros. Discovery complete $110 billion media megamerger

Paramount has completed its $110 cardinal acquisition of Warner Bros. Discovery, forming a combined institution known arsenic Skydance. The merger officially puts Paramount and WBD's movie studios, on with large networks and brands similar HBO, CBS News, and CNN, nether 1 roof.

The road to the media megamerger has been a rocky 1 for Paramount, which secured an agreement successful February aft waging a months-long conflict against Netflix for WBD. Since then, it has faced disapproval from some lawmakers and Hollywood endowment about the antagonistic interaction of media consolidation.

Paramount cleared its past large hurdle past month, arsenic it settled with 12 states that …

Read the afloat communicative astatine The Verge.