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After a fraught fight, Paramount-Warner Bros. transaction closes

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David Ellison emerged with his prized Hollywood juggernaut Tuesday as the merger of Paramount Skydance and Warner Bros. Discovery officially closed. The $111-billion transaction culminated a yearlong battle by the 43-year-old tech scion to add Warner Bros. Discovery to his family’s growing portfolio. Ellison’s smaller Paramount fended off the deep-pocketed streaming giant Netflix, hundreds of…