Skydance completes acquisition of Warner Bros., merging with Paramount

David Ellison's Skydance has finalized its acquisition of Warner Bros. Discovery. The deal also merges Warner with Paramount into a single new company bearing the Skydance name. The merger creates a combined entity that will operate major film studios and streaming services. This follows a history of unsuccessful acquisitions of Warner Bros. by companies like AOL, AT&T, and Discovery.