Read the memo: David Ellison addresses staff as Paramount Skydance and Warner Bros. make it official

Paramount Skydance CEO and chairman David Ellison

Jeff Bottari/Zuffa LLC

• Read the memo Paramount Skydance CEO David Ellison sent about the Warner Bros. Discovery merger.
• The companies made it official on Friday with an announcement.
• Netflix, which was also vying for WBD, declined to raise its bid for the company on Thursday.

Paramount Skydance and Warner Bros. Discovery have made it official, and CEO David Ellison sent a memo out to staff about the merger.