Paramount Skydance and Warner Bros. Discovery finalize merger

Paramount Skydance and Warner Bros. Discovery announced the closing of their merger on October 6, 2026. The deal ends a period of competing offers and legal disputes. Both companies confirmed the transaction was completed.

The completion removes uncertainty around the combined entity and may affect the valuation of Warner Bros. Discovery shares, as noted by market participants.

  • 1Paramount Skydance and Warner Bros. Discovery completed their merger on October 6, 2026.

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