Shea Levin — text status

Paramount Skydance completed its massive acquisition of Warner Bros. Discovery on Tuesday, creating a new Hollywood powerhouse valued at roughly $110 billion and bringing Warner Bros., HBO, CNN, CBS, Paramount Pictures and other major entertainment brands under one corporate umbrella, Reuters reports. The combined company will be called Skydance, led by David Ellison, and its shares will trade on the New York Stock Exchange under the ticker “SKYD.” The merger also puts streaming giants HBO Max and Paramount+ under the same parent company.