Paramount Skydance Closes $110B Warner Bros. Discovery Merger

Key Facts

1Paramount Skydance closed its $110 billion acquisition of Warner Bros. Discovery to create a new entity rebranded as Skydance.

2The combined company plans to merge the HBO Max and Paramount+ streaming services into a single unified platform.

3Oracle co-founder Larry Ellison provided billions of dollars in equity financing to backstop the deal.

Paramount Skydance closed its $110 billion acquisition of Warner Bros. Discovery to create a new entity rebranded as Skydance. Axios reported that Oracle co-founder Larry Ellison provided billions of dollars in equity financing to backstop the deal, which includes plans to merge the HBO Max and Paramount+ streaming services into a single unified platform.

WBD closed at $30.95 on October 5, 2026, while PSKY closed at $9.78 on the same date. Regarding the financing backing the merger, ORCL closed at $142.48 on October 5, 2026, as the combined company seeks to scale its operations across movie studios and news networks.