Paramount closed its $110 billion deal for Warner Bros.

NEW YORK — Paramount Skydance closed its $110 billion purchase of Warner Bros. Discovery on Tuesday, after months of fighting other bidders and state attorneys general. The combined company is named Skydance. Its shares moved from Nasdaq to the New York Stock Exchange and trade as SKYD. Reuters and The Washington Post reported the close.

David Ellison is chief executive. He named Ynon Kreiz, the former chief executive of Mattel, as co-chief executive to run day-to-day work and the merger, while Ellison keeps creative direction and strategy. The company carries about $80 billion of debt and a target of $6 billion in savings. CNN and CBS News keep their current leadership. The studios and networks now under one roof include the makers of “Mission: Impossible,” “Harry Potter,” and the DC films, plus CBS, CNN, Paramount+, and HBO Max. Settlements with a group of states and a writers’ union cleared the last legal blocks.

The photograph is of Ellison. It is not a picture of Tuesday’s closing. The Business desk files the deal. The climate argument is on the science page. The rally in Nebraska is the front.