Paramount-Warner Bros. finally merger closes, creating media giant Skydance

The $110 billion merger of Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) closed on Tuesday after Supreme Court Justice Elena Kagan denied a last-minute effort to halt the deal.The new company — known as Skydance (SKYD)— brings the HBO Max and Paramount+ streaming services under one umbrella, roughly seven months after Paramount won a long bidding war for Warner Bros. over Netflix (NFLX). The merger had faced plenty of pushback and a long road to closing. "The completed t