Paramount Skydance merger with Warner Bros. Discovery
Acquisition
Paramount Skydance acquired Warner Bros. Discovery for ~$110.9B enterprise value ($31.00/share cash), agreed Feb 27, 2026. After shareholder approval (Apr 2026), DOJ clearance (Jun 2026) and court approval (Sep 30, 2026), the deal closed on Oct 6, 2026, and the combined company was renamed Skydance (NYSE: SKYD).
Last updated Oct 6, 2026 by the ATDb Editorial Team
Acquirer
Target
Value
~$110.9 billion ($31.00/share)
Date
Oct 6, 2026
Status
Completed
Overview
Paramount Skydance acquired Warner Bros. Discovery for ~$110.9B enterprise value ($31.00/share cash), agreed Feb 27, 2026. After shareholder approval (Apr 2026), DOJ clearance (Jun 2026) and court approval (Sep 30, 2026), the deal closed on Oct 6, 2026, and the combined company was renamed Skydance (NYSE: SKYD).
Deal details
- Acquirer
- Paramount Skydance
- Target
- Warner Bros. Discovery
- Deal Value
- ~$110.9 billion ($31.00/share)
- Market Segment
- media, streaming, entertainment, TV advertising
Deal terms
- Status
- Completed
- Enterprise value
- $110.90B
- Per-share price
- $31.00
- Expected close
- October 6, 2026
Connection details