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Paramount completes $81bn takeover of Warner Bros Discovery

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Sky News
Paramount completes $81bn takeover of Warner Bros DiscoveryWorldPing
Image via Sky News.

What happened

Skydance-owned Paramount has completed its $81bn (£61bn) takeover of Warner Bros Discovery - bringing together the two media giants under a combined company.

Key facts

  • Skydance-owned Paramount has completed its $81bn (£61bn) takeover of Warner Bros Discovery - bringing together the two media giants under a combined company.
  • Reported by Sky News and published Tue, 06 Oct 2026 17:56:00 UTC.

Why it matters

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What to watch next

  • Official statements or denials from the governments named
  • Whether other major newsrooms confirm the same details
  • Any follow-up decision, vote or deadline tied to the event

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Paramount and Warner Bros merge into one Hollywood giant

  2. Paramount's hard-fought takeover of Warner Bros. Discovery closed Tuesday. Here's how we got here

  3. Paramount and Warner Bros merge to become one Hollywood giant, Skydance

  4. Paramount completes takeover of Warner Bros, creating media behemoth Skydance

  5. Paramount completes $81bn takeover of Warner Bros Discovery

Sources

The original report was published by Sky News. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Sky News

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Paramount and Warner Bros merge to become one Hollywood giant, Skydance

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Deutsche Welle
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Paramount and Warner Bros merge into one Hollywood giant

Paramount has completed an $81 billion purchase of Warner Bros. Discovery, as its owner Skydance creates a new entertainment behemoth. Billionaire David Ellison's hostile takeover bid defeated rival efforts from Netflix.

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