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Skydance completes $110 billion Warner Bros. Discovery-Paramount merger
The newly formed Skydance Corp. carries roughly $80 billion in debt and is now focused on cost savings to reduce leverage.
The Warner Bros. Discovery-Paramount merger has closed, with the combined business now trading as Skydance Corp. on the NYSE, according to MarketBeat Ratings.
The $110 billion deal leaves the new company with roughly $80 billion in debt, MarketBeat Ratings said, making leverage reduction through cost savings a key priority for CEO David Ellison.
MarketBeat Ratings also noted that the deal process involved multiple takeover attempts, including earlier all-stock bids, before the merger was completed.
The source added that the merger leaves a key question for the next year, balancing Skydance's asset base against its debt load as bull and bear cases unfold.