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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226 Articles
WBD brings HBO Max streaming platform, Warner Bros studio, successful franchise rights like Harry Potter and a portfolio of channels, including CNN and Discovery Le
Paramount wraps up Warner Bros merger to create Hollywood powerhouse Skydance
The deal brings together the studios behind "Mission: Impossible," "Harry Potter" and DC Studios alongside major television and streaming networks such as CBS, CNN, Paramount+ and HBO Max.
The operation brings together under one roof two historic Hollywood giants and brands such as HBO, CNN, CBS, DC Studios and Paramount Pictures
Washington, Oct. 6 (EFE).- Paramount Skydance closed on Tuesday the purchase of Warner Bros. Discovery, a transaction valued at about $11 billion (about 97.745 million euros to the current change), in the culmination of a controversial merger process that will result in the new mega-enterprise Skydance. The new company will be directed by [...] The entry Paramount Skydance closes purchase of Warner Bros Discovery for $10 billion was first publis…
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