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Article The Guardian Business

Paramount completes $111bn acquisition of Warner Bros to form new media empire Skydance

The Guardian Business October 6, 2026 · 2:14 pm Read Original
Bearish -55.0
−100 Bearish 0 +100 Bullish
Paramount completes $111bn acquisition of Warner Bros to form new media empire Skydance

David Ellison and ex-Mattel CEO Ynon Kreiz to oversee both film studios, HBO Max, CNN and CBS News as co-executivesParamount completed its $111bn acquisition of Warner Bros Discovery on Tuesday, consolidating some of the world’s most recognizable studios and news outlets after a bidding war with Netflix and months of legal turmoil.The new company, now called Skydance, will have David Ellison, the son of a billionaire tech mogul, at its helm, with the former CEO of Mattel, Ynon Kreiz, as co-executive. They will oversee Paramount and Warner Bros’ movie studios, HBO Max, CBS News and CNN. Continue reading...

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Article Info
Source The Guardian Business
Published Oct 6, 2026 · 2:14 pm
Article ID 4fobdww
Original URL Open source
Sentiment Signal
Bearish -55.0
−100Neutral+100
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