Paramount Skydance $PSKY officially completed its $110 billion acqu...

Paramount Skydance $PSKY officially completed its $110 billion acquisition of Warner Bros. Discovery on Tuesday, forming a combined company named Skydance, which began trading on the New York Stock Exchange under the ticker "$SKYD." The deal concludes a roughly year-long process that included a bidding war with Netflix, a Justice Department antitrust review, and a settlement with state attorneys general. Co-CEOs David Ellison and Ynon Kreiz now face the task of integrating the two companies, paying down more than $80 billion in combined debt, and targeting at least $6 billion in operational synergies.