Paramount wraps up $52bn debt sale for Warner Bros. Discovery buyout; shareholders to get stock warrants

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. The financing includes stock warrants for Paramount shareholders, and 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