Paramount now owns Warner Bros. as last-ditch effort to stop $111B merger fails.
Paramount Skydance completed its $111 billion merger with Warner Bros. Discovery today, after a last-ditch effort to block the deal was rejected by Supreme Court Justice Elena Kagan.
The post-merger company is called Skydance, taking the name of a firm that Paramount bought in a separate deal last year. The new Skydance combines two of the largest movie studios, streaming services Paramount+ and HBO Max, CBS, CNN, “and a portfolio of live sports including CBS Sports and TNT Sports, as well as a deep programming library and expansive collection of brands and franchises,” Skydance said today in a press release announcing completion of the deal.
The merger was delayed a bit by a lawsuit filed by California and 11 other states. In July, US District Judge Araceli Martínez-Olguín in the Northern District of California ruled that the combination would likely reduce competition substantially and violate antitrust laws.Read full article
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Source: Ars Technica
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- Published at Tue, 06 Oct 2026 17:33.
- Source URL: https://arstechnica.com/tech-policy/2026/10/paramount-completes-111b-warner-merger-creating-skydance-behemoth/