Paramount has completed an $81 billion purchase of Warner Bros. Discovery, as its owner Skydance creates a new entertainment behemoth. Billionaire David Ellison's hostile takeover bid defeated rival efforts from Netflix.

LOS ANGELES: Paramount Skydance on Tuesday (Oct 6) completed its blockbuster US$110 billion takeover of Warner Bros Discovery, creating a Hollywood heavyweight called Skydance and handing CEO David Ellison control of one of the world's largest entertainment companies.The deal brings together the studios behin

Paramount Skydance on Tuesday completed its blockbuster $110 billion takeover of Warner Bros Discovery, ​creating a Hollywood heavyweight called Skydance and handing CEO David Ellison control of one of the world's largest entertainment companies.

Paramount Skydance completes US$110 billion Warner Bros merger, creating a Hollywood powerhouse under David Ellison. Read more at straitstimes.com.

Paramount and Warner Bros. Discovery have officially closed the $111 billion transaction to merge the two iconic film studios.

Paramount and Warner Bros. Discovery have officially closed the $111 billion transaction to merge the two iconic film studios.

It's official: Skydance-owned Paramount has closed its $81 billion takeover of Warner Bros. Discovery.

The merger brings two of America’s oldest moviemaking studios together and further concentrates power in an industry already run by just a handful of major players.

Hollywood’s latest mega-merger has cleared its final major hurdle. Paramount’s $111 billion acquisition of Warner Bros. Discovery has received court approval, paving the way for two of the industry’s biggest legacy studios to officially come together. The deal is expected to close on October 6, put