Paramount Skydance closes $110B Warner Bros. Discovery purchase

Paramount Skydance, controlled by the Ellison family, is set to complete its $110 billion acquisition of Warner Bros. Discovery on Tuesday. The combined company will be called Skydance and carry $79 billion in debt against $12 billion in annual EBITDA. David Ellison promises $6 billion in synergies to lift EBITDA to $18 billion.

• $110B deal closes on Tuesday
• Combined company to be named Skydance
• $79B debt against $12B annual EBITDA
• $6B in promised synergies, EBITDA target $18B