Paramount completes $110B Warner Bros. merger to form Skydance
- On Tuesday, October 6, 2026, Skydance, led by Chairman and CEO David Ellison, completed its acquisition of Warner Bros. Discovery, Inc. , creating a combined media conglomerate that Ellison called a "historic day."
- Following months of regulatory review, the $111 billion merger unites Paramount Pictures and Warner Bros. Pictures, both with over a century of history spanning the U.S. and Europe.
- Investors provided $47 billion in new equity led by the Ellison Family and RedBird Capital Partners, who remain sole holders of Paramount Class A Common Stock including all voting shares.
- Ynon Kreiz, the incoming Co-CEO, joins Ellison to lead the combined company, targeting at least $6 billion in run-rate synergies over the next three years.
- Skydance Class B shares began trading today on the New York Stock Exchange under ticker symbol "SKYD," while WBD common stock ceased trading on the Nasdaq Exchange effective immediately.
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For months, negotiations for a takeover of the Warner Group were ongoing. Paramount has now finalized the billion dollar deal, but the merger raises concerns about job cuts in Hollywood and political influence.
The group will include Warner Bros studio titles, HBO Max streaming platform as well as television channels including CNN and Discovery. The operation is costed at $110 billion.
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Paramount Completes $81 Billion Warner Bros. Discovery Takeover, Creating New Hollywood Giant
Paramount Skydance officially completed its $81 billion acquisition of Warner Bros. Discovery on Tuesday, combining two historic film studios with HBO Max, Paramount+, CBS, CNN ... The post Paramount Completes $81 Billion Warner Bros. Discovery Takeover, Creating New Hollywood Giant first appeared on [your]NEWS.
Paramount has completed its $110 billion acquisition of Warner Bros., creating a new entertainment empire called Skydance.
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