Mergers & AcquisitionsMedium•6 October 2026•
1 min read
Paramount and Warner Bros. Discovery Complete $81B Merger to Form Skydance
Key Facts
1The $81 billion merger of Paramount and Warner Bros. Discovery has officially closed, creating a new media giant named Skydance.
2The deal closed on Tuesday, more than seven months after David Ellison's winning bid was accepted.
The $81 billion merger of Paramount and Warner Bros. Discovery has officially closed, creating a new media giant named Skydance. Business Insider reported that the deal was finalized on Tuesday, more than seven months after the winning bid from David Ellison was accepted, who will now lead the combined entity alongside Ynon Kreiz.
The merger aims to consolidate major media assets to create a more competitive entity within the evolving Hollywood and streaming landscape. Regarding related equity performance, WBD closed at $30.95 on October 5, 2026, with the session's trading range between $30.94 and $30.99 on the same date.