Paramount Completes $110 Billion Acquisition of Warner Bros. Discovery
On Tuesday, Paramount completed its long-anticipated $110 billion acquisition of Warner Bros. Discovery (WBD), forming a new media conglomerate named Skydance that will trade under the ticker symbol 'SKYD'. CEO David Ellison led this effort over more than a year amid competing bids and regulatory challenges. The deal brings together two major film studios, along with WBD's TV networks and HBO Max streaming service. The acquisition followed repeated rejections from WBD’s board before Paramount eventually won approval after navigating an antitrust lawsuit by state attorneys general and securing necessary regulatory clearances. This merger creates one of the largest media companies in history, combining significant film production capabilities and control over nearly a third of basic cable programming. It marks a major shift in Hollywood's landscape as traditional linear TV declines and streaming becomes dominant.
Tickers: $WBD