The $110bn acquisition of Warner Bros Discovery by Paramount Skydance officially closed yesterday (6 October) after months of negotiations, with a host of major law firms on hand to bring the deal to completion.
The deal, which includes $47bn in new equity financing and more than $50bn in debt, sees Paramount and Warner Bros combine into a single company, Skydance, to be led by former Paramount head David Ellison as chairman and CEO, , alongside former Mattel chief Ynon Kreiz as co-CEO.
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