Paramount completes Warner Bros. Discovery acquisition
Paramount acquires Warner Bros. Discovery, forming Skydance with SKYD trading See how the $110B merger reshapes film, streaming, and cable power
Paramount has completed its acquisition of Warner Bros. Discovery, closing the deal on Tuesday and creating a new entertainment company called Skydance, which will trade under the ticker SKYD.
The transaction, valued at about $110 billion on an enterprise basis, brings together major film studios, streaming operations and a large share of cable programming. The deal followed more than a year of competing bids, legal challenges, and regulatory review.
According to the timeline in the report, the process included multiple rejected offers, a competing Netflix deal, shareholder approval, approval from the Department of Justice and a settlement with state attorneys general before the merger was finally cleared to close.