Nexstar Media Group Acquires 75% Ownership Interest in The CW Network, LLC

Paramount Skydance Acquires Warner Bros. Discovery, Inc.

June 26, 2026

Media & Entertainment

Paramount Skydance Corporation, subsequently renamed Skydance Corporation, acquired Warner Bros. Discovery, Inc. The acquisition was consummated on October 6, 2026, bringing Warner Bros. Discovery’s media and entertainment businesses into Skydance’s global portfolio.

Warner Bros. Discovery stockholders approve merger with Paramount Skydance

April 23, 2026

Media & Entertainment

Warner Bros. Discovery announced that its stockholders voted to approve the previously announced transaction with Paramount Skydance at a special meeting held the same day. The transaction remains subject to customary closing conditions and is expected to close in Q3 2026.

Paramount Global to Merge with Warner Bros. Discovery in Definitive Deal

March 24, 2026

Media & Entertainment

Paramount Global and Warner Bros. Discovery have finalized a definitive merger agreement to create a combined media and streaming company with an enterprise value of about $170 billion. The deal is positioned as a scale play to compete with Netflix and other Big Tech ecosystems, leveraging content libraries and technology (including Oracle cloud infrastructure) to build a “must-have” subscription offering.

Paramount Acquires Warner Bros. Discovery

February 27, 2026

Media & Entertainment

Paramount Skydance Corporation agreed to acquire 100% of Warner Bros. Discovery for $31 per share in cash, valuing WBD at approximately $110 billion in enterprise value. The agreement was announced on February 27, 2026, and the acquisition closed on October 6, 2026, combining the companies’ studios, streaming services, and television businesses.

Netflix to Acquire Warner Bros. Discovery in $82.7B Deal

December 5, 2025

Media & Entertainment

Netflix has announced plans to acquire Warner Bros. Discovery in a transformative transaction valued at $82.7 billion in enterprise value. The deal was amended to shift to a $27.75-per-share all-cash structure, while Discovery Global is expected to be separated and excluded from the Netflix transaction before closing.

Nexstar Media Group Acquires TEGNA for $6.2 Billion

August 19, 2025

Media & Entertainment

Nexstar Media Group entered into a definitive agreement to acquire TEGNA in an all-cash transaction valued at $6.2 billion ($22.00 per share). The deal received the required FCC and U.S. DOJ approvals and was closed on March 19, 2026.