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Paramount Skydance closes $110bn Warner Bros. Discovery acquisition
En breve
Paramount Skydance completed its purchase of Warner Bros. Discovery for $110bn, and the combined company is named Skydance. Its shares will trade on the New York Stock Exchange under the ticker SKYD, while WBD shares stopped trading on Nasdaq on October 6. The deal was cleared by US and EU regulators after Paramount settled with 12 states that had sued to block it, agreeing to release at least 30 films a year and to invest in US film production.
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Paramount Skydance has completed its acquisition of Warner Bros. Discovery, the company said, in a transaction valued at $110bn. The combined company takes the name Skydance, according to Interfax, TASS and Vedomosti. Shares of the merged company will trade on the New York Stock Exchange under the ticker SKYD, and Warner Bros. Discovery shares stopped trading on Nasdaq on October 6, Vedomosti and Interfax reported. Under the deal terms, WBD shareholders received $31.02 per share, Vedomosti said. [ 3 , 5 , 6 , 7 ]
The combined company holds two major film studios, two global streaming services — Paramount+ and HBO Max, according to Meduza — television and cable assets including CBS and HBO, the news networks CBS News and CNN, and the sports assets CBS Sports and TNT Sports. Interfax quoted the company statement as saying the merged group also has an extensive content library and a broad collection of brands and franchises. Meduza, citing Bloomberg, reported that the company will also have to repay Warner Bros. debts of $80bn. [ 5 , 6 , 8 ]
The deal closed after all required regulatory approvals and other conditions were met, the company said. The US Justice Department approved it in June 2026 without additional requirements, expecting the new large player to strengthen competition in streaming, film and television, Kommersant reported. The European Commission approved it on July 22 after the companies accepted conditions in European film distribution: Paramount gave up retaining its stake in United International Pictures, its joint venture with Universal Pictures, in the European Economic Area, with the sale to be completed within 13 months of closing, and committed not to conclude new distribution agreements with Universal in Europe for ten years, Vedomosti reported. Kommersant said US and European regulators assessed the same deal differently. [ 5 , 6 , 7 ]
The transaction drew opposition in the United States. In July 2026, attorneys general of 12 states sued to block it, arguing the merger would eliminate competition between Paramount and Warner Bros., potentially raising prices and reducing the quality and volume of content, Kommersant reported. Meduza reported that the Writers Guild of America and hundreds of actors, directors, writers and producers also opposed it, fearing higher consumer prices and job losses. In September, Paramount reached a settlement with the states, and on September 30 the federal court for the Northern District of California approved it, according to Kommersant. Under the agreement the combined company must release at least 30 films a year for five years, provide 45 days of theatrical release before new titles appear on streaming, and invest an additional $300m a year in the US film industry, Kommersant and Meduza reported. Meduza added that the company will create a special board to ensure the editorial independence of CBS and CNN. [ 7 , 8 ]
Paramount and Warner Bros. Discovery agreed the terms in February 2026, valuing WBD at $81bn, or $110bn including debt, Interfax and Kommersant reported. Meduza reported that media magnate David Ellison completed the merger of his Skydance Media with Paramount in August of last year and in December entered the contest to buy Warner Bros. against Netflix, helped by a higher offer and personal financial guarantees from his father, Oracle co-founder Larry Ellison. Meduza also recalled that in December last year Ellison promised Donald Trump to “radically change” CNN if the purchase went through. [ 6 , 7 , 8 ]
Por qué importa
The combined company brings two major studios, two global streaming services, the news networks CBS News and CNN and sports assets under one owner, making it one of the largest players in media and entertainment, according to Kommersant. Opponents among US state prosecutors and Hollywood workers argued the merger would reduce competition and cut jobs, and the settlement terms they won — theatrical releases and a film-output commitment — will shape how the merged company operates in the US market. European approval came with divestment and distribution commitments, showing regulators on the two sides of the Atlantic treated the same deal differently.
Datos clave
- Paramount Skydance completed the acquisition of Warner Bros. Discovery for $110bn. [ 4 , 5 , 6 , 7 , 8 ]
- The merged company is named Skydance. [ 3 , 5 , 6 , 7 , 8 ]
- Shares of the combined company will trade on the New York Stock Exchange under the ticker SKYD, and WBD shares stopped trading on Nasdaq on October 6. [ 5 , 6 , 7 ]
- Warner Bros. Discovery shareholders received $31.02 per share under the deal terms. [ 5 ]
- The combined company holds two major studios, two global streaming services, the CBS and HBO television assets, CBS News and CNN, and the sports assets CBS Sports and TNT Sports. [ 5 , 6 , 8 ]
- Deal terms were agreed in February 2026, valuing WBD at $81bn, or $110bn including debt. [ 6 , 7 ]
- Under a settlement approved by a federal court in California on September 30, the merged company must release at least 30 films a year for five years and report an additional $300m in annual investment in the US film industry. [ 7 , 8 ]
- Meduza reported that the company will also have to repay Warner Bros. debts of $80bn, citing Bloomberg. [ 8 ]
Confirmado por varias fuentes
- Paramount Skydance closed the purchase of Warner Bros. Discovery and the merged company is called Skydance. [ 3 , 5 , 6 , 7 , 8 ]
- The transaction was valued at $110bn, with WBD valued at $81bn excluding debt. [ 4 , 5 , 6 , 7 , 8 ]
- The deal was completed after all required regulatory approvals were received, according to the company statement. [ 5 , 6 ]
- The combined company includes two studios, two streaming services, television and cable channels, the news networks CBS News and CNN, and sports assets. [ 5 , 6 , 8 ]
Aún sin aclarar
- Whether the figure of $80bn in Warner Bros. debt that the new company must repay applies as stated. This figure appears in only one document, Meduza, which attributes it to Bloomberg; no other outlet in the set mentions it.
- The exact scope of the European commitments, including the reported prohibition on transferring Warner Bros. film distribution to its own structure. Kommersant's article is truncated at that point, and the other documents describe the EU conditions only in general terms.
- Where the closing was announced and from which city the company operates the merged business. No document states a location for the transaction or the combined company.
- What the merged company's plans are for the Warner Bros. brand and HBO Max beyond the deal mechanics. Documents name the assets combined but give no statements on branding or future plans.
Qué dicen los medios locales
Cronología, hora local
- DTF reports the emergence of a new giant in the film industry in Hollywood. [ 1 ]
- RBC reports that Paramount Skydance has completed the acquisition of Warner Bros. [ 2 ]
- vc.ru reports the deal closed at $110bn after approval by EU and US regulators. [ 4 ]
- Vedomosti reports the $110bn closing, the $31.02 per-share payment to WBD shareholders and the halt of WBD trading on Nasdaq. [ 5 ]
- Interfax reports the combined company is renamed Skydance and its shares will trade on the NYSE under the ticker SKYD. [ 6 ]
- Kommersant reports the September 30 court approval of the settlement with California and 11 other states. [ 7 ]
- Meduza reports on the opposition from Hollywood figures and the attorneys general of 12 states. [ 8 ]
- The US federal court for the Northern District of California approves the settlement between Paramount Skydance and California and 11 other states that had sought to block the merger. [ 7 ]
- The European Commission clears the acquisition after the companies accept conditions on European film distribution. [ 5 ]
- The US Justice Department clears the deal without additional requirements. [ 5 , 7 ]
- Paramount and Warner Bros. Discovery agree deal terms valuing WBD at $81bn, or $110bn including debt. [ 6 , 7 ]