Paramount Skydance completed its acquisition of Warner Bros. Discovery in a deal reported at $110 billion; one report put the value at $111 billion, or €98 billion. The transaction followed a bidding contest with Netflix, which withdrew, and legal challenges, according to the reports. The combined company is to be called Skydance, according to a single report. Another single report said it plans to release at least 30 films in cinemas annually. The acquisition creates a new media group, while Paramount Skydance faces debt reduction and concerns about job losses, according to one report.