Paramount closes $110 billion deal to acquire Warner Bros. Discovery

Paramount Skydance on Tuesday completed its $110 billion acquisition of Warner Bros. Discovery, uniting the movie studios behind "The Godfather" and the "Harry Potter" films into a media colossus rebranded as Skydance.The merger also brings together the news outlets CBS News and CNN, major cable networks such as Comedy Central, Nickelodeon, TBS and TNT and the streaming services Paramount+ and HBO Max.David Ellison, who orchestrated the merger as CEO of Paramount Skydance, will lead the new company along with co-CEO Ynon Kreiz, who was previously CEO of toy company Mattel.

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WilluChill News DeskPublished Tuesday, October 6, 2026 at 3:15 PM UTCUpdated Tuesday, October 6, 2026 at 3:42 PM UTC

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