Paramount wraps up $52bn debt sale for Warner Bros. Discovery buyout; combined company to be named Skydance

Paramount completed a $52bn debt sale to fund its $110bn acquisition of Warner Bros. Discovery, days after a judge approved a consent decree with 12 states and lifted the order barring the close. CEO David Ellison said the combined company will be named Skydance, with the ticker changing from $PSKY to $SKYD; the merger is expected to close Oct 6.

Detected & updated continuously · Source: Nebula