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

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Paramount Skydance announced that it has completed its acquisition of Warner Bros. Discovery under a deal valued at $110 billion, a major deal in the Hollywood entertainment industry. The new company formed after the merger will be called Skydance. The merger brings together studios behind famous franchises such as Mission: Impossible, Harry Potter and DC Studios with major television networks and streaming platforms such as CBS, CNN, Paramount+ and HBO Max, creating a large entertainment company spanning film, television, streaming and news.

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Paramount Skydance Corporation
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Paramount Skydance completed its $110 billion acquisition of Warner Bros. Discovery, a major M&A event for the company.

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CBSi
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CNNi
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