Paramount's acquisition of Warner Bros. Discovery (WBD) was finalized on Tuesday, concluding a bidding war and antitrust review that lasted over a year. The merged new company will be named Skydance, with the ticker symbol "SKYD," becoming one of the largest media groups in history. It will integrate two renowned film studios and control nearly one-third of cable television programming. The enterprise value of this acquisition is estimated at $110 billion.