Paramount completes $110B Warner Bros. merger to form Skydance
The combined company will trade on the New York Stock Exchange as SKYD and targets $6 billion in cost savings within three years, the company said.
- 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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The American film and television giant Paramont Skydance completed the purchase of its competitor Warner Bros Discovery (WBD) on Tuesday, October 6, for $110 billion. One of the largest media mergers of all time will then form a new entity named Skydance, which seeks to compete with the streaming giants.
David Ellison, New Owner Of Warner Bros., Tried To Be An Actor; Wasted $60M Of Billionaire Dad's Money To Produce/Star In 'Flyboys'
The merger between iconic Hollywood studios Warner Bros. and Paramount has officially closed, forming the new conglomerate Skydance Media. The $110 billion deal is an apparent culmination of billionaire David Ellison’s desire to be a Hollywood star. David Ellison is the son of Larry Ellison, the sixth-richest person in the world and the founder of […]
Paramount completed its takeover of Warner Bros. Discovery on Tuesday, combining two of Hollywood's most legendary studios into a media empire that spans television, news and cinema under the control of David Ellison.
Paramount Skydance today completed its acquisition of Warner Bros. Discovery, valued at approximately $100 billion, creating a new global media company, Skydance. The merger brings together two major Hollywood studios, streaming platforms and major U.S. television and news networks.
Paramount, Warner Bros. merge in megadeal – The Horn News
Skydance-owned Paramount on Tuesday closed its $81 billion takeover of Warner Bros. Discovery, ushering in a new Hollywood giant. Skydance Corp. emerges from one of the biggest mergers ever — $111 billion including debt — in the media and entertainment industry. Here is a list of notable films, shows and... Read More The post Paramount, Warner Bros. merge in megadeal appeared first on The Horn News - Proudly American, Fiercely Independent.
Paramount-Warner Bros. Discovery merger closes, creates combined company Skydance - Regional Media News
Paramount and Warner Bros. Discovery officially merged on Tuesday, creating a new company with the name Skydance. CEO David Ellison took to social media to announce the finalization of the $110 billion merger. "Today is a new day for @Skydance, and I'm incredibly grateful to [...]
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