Writing the summary…
Paramount completes $111bn acquisition of Warner Bros to form new media empire Skydance
Source: The Guardian
Original reporting
The Guardian: read the full reportFollow this story
Earlier reports and follow-ups on the same developing story.
- CNN’s boss will remain as Paramount and WBD merge into Skydance
- Paramount-Warner Bros. $111 Billion Merger Officially Closes: ‘Today Is a Historic Day, Not Just for Skydance but for Our Entire Industry,’ David Ellison Says
- Paramount and Warner Bros. Discovery complete $110 billion media megamerger
- Paramount closes historic Warner Bros. merger to form Skydance
- Skydance CEOs Acknowledge Layoffs Will Be Coming After Paramount-Warner Bros. Merger: Read the Full Memo
- Paramount takes over Warner Bros in $110bn Hollywood merger
Related stories
CNBC
High diesel prices may put 'another squeeze' on the consumer, economist says
The impact of soaring diesel prices is less evident to consumers than that of gasoline.
CNBC
Anthropic expands Claude Startups program in bid to snag founders and fast-growing companies
The expansion marks the AI company's latest push to deepen its ties to founders and fast-growing companies.
CNBC
Rebounding oil exports through Strait of Hormuz are vulnerable to stepped-up Iranian tanker attacks
Nearly 20 commercial ships, mostly tankers, have come under attack over the past month while sailing through the Hormuz choke point.
CNBC
Meta Muse popularity lifts AMD stock to fresh highs as AI agents juice CPU sales
The personal agent boom is lifting the fortunes of AMD and Intel, which have outperformed their megacap tech peers over the past month.
CNBC
What's behind an 'explosion of buying' Tuesday, including the rally in GE Vernova
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
CNBC
Treasury yields fall as oil prices slide
U.S. Treasury yields were broadly lower on Tuesday morning after reaching fresh highs the previous day.