Paramount Skydance merges with Warner Bros. Discovery in a $81 billion deal
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Here’s what the Skydance merge means 👀
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It's week one of the Paramount WBD merger and already the new company, Skydance, says to prepare for layoffs.
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Paramount closed its Warner Bros. Discovery deal on October 6. The combined company is Skydance, ticker SKYD, at about $110 billion including debt. Warner holders got about $31 a share. David Ellison is chairman and CEO. The Bonta settlement requires 30 films a year, $1.5 billion in U.S. production, and editorial boards for CNN and CBS. Bari Weiss and Mark Thompson are staying.
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#davidzaslav is walking away from #warnerbros . Discovery with a $606 million exit package after the company was acquired by #skydance . The deal officially closed Tuesday, ending Zaslav’s tenure as CEO.
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