Paramount Skydance Acquires Warner Bros. Discovery, Inc.
October 6, 2026
Paramount Skydance completed its cash acquisition of Warner Bros. Discovery, Inc., combining their film studios, television networks, streaming businesses, news operations, sports rights and content libraries under the Skydance name. The transaction was backed by a broad equity investor group, including the Ellison family, RedBird Capital Partners, sovereign wealth funds, LionTree and Shinsegae Property; the combination is intended to expand scale and competitiveness while generating substantial cost synergies.
- Buyers
- Paramount Skydance Corporation, Ellison Family, RedBird Capital Partners, Public Investment Fund, L'IMAD Holding Company, Qatar Investment Authority, LionTree, Shinsegae Property
- Targets
- Warner Bros. Discovery, Inc.
- Sellers
- Warner Bros. Discovery shareholders
- Industry
- Media & Entertainment
- Location
- New York, United States
- Transaction Type
- Buyout
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