Paramount Global and Skydance Media have finally reached the end of their long and winding merger road, announcing the close of their $8.4 billion combination and opening a new chapter for Hollywood.
The newly combined company is officially known as “Paramount, A Skydance Corporation,” according to a press release. Its stock will begin trading Thursday on the Nasdaq, under the ticker symbol PSKY.
“Today marks an exciting and pivotal moment as we prepare to bring Paramount’s legacy as a Hollywood institution into the future of entertainment,” Chairman and CEO David Ellison said in the release. “My vision is to honor exceptional storytelling while modernizing how we make and deliver content to support the world’s top creative talent, enhance experiences for audiences worldwide, and cr