Paramount completes $111bn Warner Bros. Discovery acquisition

Paramount has closed its $111 billion acquisition of Warner Bros. Discovery, with both companies now operating under the Skydance name. Skydance targets over $6 billion in synergy savings and gains Warner's game studios, including NetherRealm, Rocksteady, TT Games and Avalanche.

• The $111bn deal is complete; both companies now operate as Skydance
• Skydance targets over $6bn in savings from tech, procurement and real estate
• Warner game studios NetherRealm, Rocksteady, TT Games and Avalanche change hands
• Skydance CEO David Ellison warned of "difficult decisions" and changes