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Paramount closes historic $110B deal for Warner Bros. Discovery to create Skydance
Paramount Skydance on Tuesday closed its deal to acquire Warner Bros. Discovery, ending a dramatic, yearlong process that rattled Hollywood, Wall Street and Washington. Why it matters: The deal creates one of the largest entertainment behemoths in the world and makes David Ellison — a lesser-known figure outside of Hollywood — one of the most powerful people in culture and business. Zoom in: The combined entity…