Paramount Skydance Completes Acquisition of Warner Bros. Discovery

Overview

• Paramount Skydance announced it closed the purchase of Warner Bros. Discovery on Tuesday, October 6, 2026, and named David Ellison as the leader of the combined company with Bari Weiss and Mark Thompson in senior roles.
• Initial reports list different headline values for the transaction, commonly citing about US$81 billion while one outlet that cites Bloomberg put the figure near US$110 billion.
• The merger brings together major studio, television and streaming assets to form one of the world’s largest media and entertainment companies.
• The takeover ends more than a year of competing proposals for Warner’s control, a contest that news coverage described as intense and that involved suitors including Netflix and Paramount.
• The company will face near-term tasks that could include integrating operations, unifying streaming offerings, and cutting duplicate costs, changes that could affect employees, creators and subscribers as the new firm sets its strategy.