Paramount Skydance completes $110 billion Warner Bros Discovery deal: David Ellison takes control of new Hollywood giant

Paramount Skydance on Tuesday (October 6) completed its $110 billion acquisition of Warner Bros Discovery, creating one of the world's largest entertainment companies and giving Skydance CEO David Ellison control over a vast portfolio of Hollywood studios, television networks and streaming businesses.The deal brings together some of the entertainment industry's biggest names, including Paramount, Warner Bros, HBO Max, CBS, CNN and DC Studios, along with franchises such as Mission: Impossible and Harry Potter.Shares of the newly combined company began trading…