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Keyword: psky
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Paramount and Skydance close their $8 billion merger, kicking off reign of new entertainment giant
NEW YORK (AP) — Skydance and Paramount officially closed their $8 billion merger on Thursday — kicking off the reign of a new entertainment giant after a contentious, over year-long endeavor to get the transaction over the finish line. The new company — which will trade under the “PSKY” ticker on Wall Street — brings Paramount’s legacy Hollywood footprint, major TV networks like CBS and MTV, streaming services and more under the roof of a new power player: billionaire Skydance founder David Ellison. “Today marks an exciting and pivotal moment as we prepare to bring Paramount’s legacy as a Hollywood...
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