Paramount Completes $110B Acquisition of Warner Bros. Discovery

Key Facts

1Paramount's $110 billion acquisition of Warner Bros. Discovery officially closed on Tuesday.

Paramount's $110 billion acquisition of Warner Bros. Discovery officially closed on Tuesday. CNBC reported that the finalization of the deal follows a hard-fought takeover process, consolidating two of the largest entertainment entities in the media industry.

WBD closed at $30.95 on October 5, 2026, with the stock reaching a day high of $30.99 and a low of $30.94. The closing of the merger was previously scheduled for this date as part of a major consolidation within the entertainment sector.