Published • loading... • Updated
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.
Insights by Ground AI
Podcasts & Opinions
407 Articles
407 Articles
Skydance on Tuesday closed its $110 billion acquisition of Warner Bros. Discovery, creating one of the largest entertainment companies in history. The combined company will continue to operate under CEO David Ellison.
·Budapest, Hungary
Read Full Article
Coverage Details
Total News Sources407
Leaning Left68Leaning Right54Center91Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 32%
C 43%
R 25%
Factuality
To view factuality data please Upgrade to Premium
