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Paramount Skydance Completes Massive $110 Billion Takeover of Warner Bros
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Storyboard•07-10-2026, 09:01
Paramount Skydance Completes Massive $110 Billion Takeover of Warner Bros
- •Paramount Skydance has finalized its $110 billion acquisition of Warner Bros Discovery, creating a massive entertainment giant led by CEO David Ellison.
- •The merger unites major franchises like Harry Potter, DC Studios, and Mission: Impossible with networks such as CNN, CBS, and HBO Max.
- •The newly combined company, operating under the Skydance name, began trading on the New York Stock Exchange under the ticker SKYD.
- •David Ellison aims to take on streaming rivals like Netflix, Disney, and big tech companies while navigating the rise of artificial intelligence.
- •An editorial independence board has been established to oversee CNN and CBS News as part of the regulatory settlement for the deal.
Key Questions Answered
Paramount Skydance completed its $110 billion takeover of Warner Bros Discovery, creating a massive entertainment and media conglomerate led by CEO David Ellison.
Shares of the newly combined company began trading on the New York Stock Exchange under the ticker symbol “SKYD” on Tuesday, transitioning from Nasdaq.
The merger brought CNN and CBS News under the same corporate umbrella, with CNN chief Mark Thompson and CBS News Editor-in-Chief Bari Weiss remaining in their roles and reporting separately to Ellison and co-CEO Ynon Kreiz. An editorial independence board was also established to oversee both news outlets as part of the regulatory settlement.
