Skydance CEO David Ellison takes the reins of a ‘new Paramount' after merger saga
1. Skydance merges with Paramount Global, forming Skydance Paramount Corp. 2. The deal is valued at $8 billion and restructures the company significantly. 3. David Ellison focuses on tech integration to boost streaming and content. 4. Paramount to streamline operations and enhance cash flow for investments. 5. Shari Redstone exits with $2.4 billion after selling her family's stake.