Paramount completes $110B acquisition of Warner Bros. Discovery
Paramount Skydance completed the acquisition of Warner Bros. Discovery, forming a new global media and entertainment company named Skydance. The deal, valued at $110–111 billion, was finalized after regulatory approvals and required conditions were met.
Consensus
- Paramount Skydance completed the acquisition of Warner Bros Discovery.
- The newly formed company was renamed Skydance.
- The deal was finalized after obtaining all necessary regulatory approvals and fulfilling conditions.
- Trading of Warner Bros Discovery shares on NASDAQ ceased on October 6.
- Skydance shares began trading on the New York Stock Exchange under the ticker SKYD.
- The combined company includes major film studios, streaming services, television networks, sports broadcasting rights, news networks, and a vast content library.
- Shareholders of Warner Bros Discovery received $31.02 per share.
- The merger created one of the largest media and entertainment companies in the world.
Points of divergence
- The acquisition was valued at $111 billion. — tg_tvrain
- The new company will control franchises including Harry Potter, DC, The Lord of the Rings, Game of Thrones, Mission Impossible, and Transformers. — tg_moscash
- The final obstacle was removed on September 30 when a U.S. federal court approved the merger agreement with California and 11 other states. — kommersant
- The European Commission approved the deal after Paramount agreed to divest its stake in United International Pictures in the European Economic Area within 13 months and refrain from new distribution agreements with Universal Pictures in Europe for ten years. — vedomosti
- The U.S. Department of Justice approved the deal before its staff could formally submit objections, stating it would not harm competition or consumer interests. — vedomosti
- Paramount agreed to a $1.5 billion investment in film production over five years as part of the settlement with state attorneys general. — vesti
- David Ellison, CEO of Paramount Skydance, announced the acquisition in a statement, calling it a historic day for the industry. — tg_tvrain
- Paramount had previously merged with Skydance for $8 billion in September 2025. — tg_tvrain
- Netflix initially entered negotiations with Warner Bros Discovery and offered $27.75 per share before Paramount increased its offer to $31 per share. — tg_tvrain
- The merger faced opposition from 12 U.S. states, which sued to block it, citing threats to free competition. — kommersant
- The U.S. Department of Justice's review lasted eight months and examined the impact on streaming, traditional TV, and film markets. — vedomosti
- The new company must pay off over $80 billion in Warner Bros Discovery's debt. — tg_tvrain
Coverage (7 sources)
- Paramount completed acquisition of Warner Bros. Discovery — РИАМО
- Paramount completed acquisition of Warner Bros. for $110 billion — Коммерсантъ
- Paramount Skydance closed deal to buy WBD — Интерфакс
- Paramount Skydance completed acquisition of Warner Bros. Discovery for $110 billion — Ведомости
- Paramount completed merger with Warner Bros. — Вести
- Paramount bought Warner Bros. Discovery for $111 billion — Дождь (Telegram)
- Paramount bought Warner Bros for $111 billion — Московский кэш
Key entities
- Warner Bros
- Skydance
- Paramount Skydance
- Paramount
- Moscow
- New York Stock Exchange
- INTERFAX.RU
- Reuters
- Nasdaq
- Paramount Skydance Corp
- David Ellison
- The Hollywood Reporter
- DC
- SkyD
- Paramount Skydance Corporation