Aug. 8 (UPI) -- Skydance Media and Paramount Global have completed their merger, creating a new media conglomerate and ending months of turmoil over the deal that has drawn allegations of corruption directed at the Trump administration.
The new company -- Paramount, a Skydance Corporation -- began trading on the Nasdaq under the ticket symbol PSKY on Thursday, the day the merger completed.
"Today marks an exciting and pivotal moment as we prepare to bring Paramount's legacy as a Hollywood institution into the future of entertainment," David Ellison, CEO and chairman of Paramount, a Skydance Corporation, said in a statement.
"It is truly an honor and a privilege to help lead this iconic brand into its next chapter."
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