Paramount closes Warner Bros deal as Skydance and plans a single streamer

T2Covered by 1 source · first reported by TNW at 07 Oct, 16:33 UTC

Paramount has completed its purchase of Warner Bros. Discovery and renamed the combined company Skydance. The company announced the close on Tuesday, and its shares now trade on the New York Stock Exchange as SKYD. Warner Bros. Discovery shareholders received about $31.02 a share in cash. Skydance…