Paramount completes Warner Bros. Discovery acquisition, creating Skydance
Skydance Corporation, formerly Paramount Skydance, completed its acquisition of Warner Bros. Discovery on Oct. 6, 2026. Warner Bros. Discovery shareholders received cash equal to $31.01666668 per share, and its Nasdaq-listed shares ceased trading. The combined company is named Skydance and combines the companies’ studios, streaming services, television networks, news operations and sports assets.
Why it matters
The deal ends Warner Bros. Discovery’s standalone public listing and places its assets within Skydance. Skydance says it is targeting at least $6 billion in run-rate synergies within three years, making integration execution a central financial measure for the combined company.
Key facts
- 1Skydance Corporation announced that it had finished buying Warner Bros. Discovery on Oct. 6, 2026. prnewswire.com
- 2Warner Bros. Discovery holders received cash equal to $31.01666668 for each share under the agreement. prnewswire.com
- 3Warner Bros. Discovery stock stopped trading on Nasdaq effective that day. prnewswire.com
- 4Skydance Class B shares began trading on the New York Stock Exchange under a new symbol. prnewswire.com
- 5Skydance is targeting at least $6 billion of run-rate synergies within three years. sec.gov
- 6The company committed to at least 30 theatrical releases annually, each with a minimum 45-day theatrical window. sec.gov
Open questions
- Materials report differing transaction values, including $110 billion, $81 billion, nearly $111 billion and $110.8B, apparently reflecting different valuation measures; no single transaction value is used here.
Summary written by AlphAI from 20 of 78 sources. Not investment advice. Figures are as stated by the linked sources.