● PARAMOUNT COMPLETES WARNER MERGER, FORMS SKYDANCE

Paramount Skydance officially closed its acquisition of Warner Bros. Discovery on October 6, cashing out WBD shareholders at $31.02 per share. The combined company, renamed Skydance Corporation ($SKYD), starts trading on the NYSE with nearly $70 billion in combined revenue. Management is targeting more than $6 billion in run-rate synergies within three years. CBS, HBO, CNN and two of Hollywood's biggest studios now sit under one roof.