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- Oct 6, 202690% CONFIDENCEfrom the source
Paramount Completes Warner Bros. Discovery Takeover, Forming Skydance
- The acquisition closed on October 6 after the merger agreement's required regulatory approvals and closing conditions were satisfied. The combined company adopted the name Skydance. Completion announcement SEC filing
- Warner Bros. Discovery shareholders received $31.01666668 in cash per share. WBD ceased Nasdaq trading, while the combined company's Class B shares began trading on the NYSE as SKYD. Shareholder terms
- The combined portfolio includes Paramount and Warner Bros. film studios, Paramount+ and HBO Max, CBS, HBO, CNN and major sports rights. The company plans to bring its direct-to-consumer streaming products into one service over time; the release does not provide a launch date for that integration. Company plans
- A judge approved the 12 states' settlement on September 30. AP also reported that the Writers Guild settled its separate suit. The agreements cleared a legal obstacle to closing; settlement approval does not mean critics endorsed the merger. AP describes the acquisition price as $81 billion. AP court reporting
- Skydance commits to at least 30 theatrical films annually, with a minimum 45-day theatrical window. It targets more than $6 billion in annual run-rate synergies within three years. These are commitments and projections, rather than benefits already realized. Output and financial targets
- The attached CBS News video covers the earlier June 12 Justice Department approval, providing context for the transaction's regulatory path. CBS News
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- [1]100%Paramount confirms acquisition completionparamount.gcs-web.com· Published Oct 6, 2026· Starts Oct 6, 2026 ✓· 25% of score
Both the completion announcement and October 6 SEC[2] filing confirm the transaction closed that day; no closing time is stated.
- [2]100%October 6 merger-completion Form 8-Ksec.gov· Published Oct 6, 2026· 25% of score
Independent legal filing records completion and transaction terms.[1]
- [3]70%NTD News Today: Rubio Asks Russia for More Information About Suspected Plague Death; Paramount Takes Over Warner Bros. to Form Skydancepodcasts.apple.com· Published Oct 6, 2026· 25% of score
NTD News Today's episode "Rubio Asks Russia for More Information About Suspected Plague Death; Paramount Takes Over Warner Bros. to Form Skydance" (2026-10-06) says: "Russia to obviously share more information with the world," Rubio told reporters in Iceland. "We're watching it very closely, hour by hour." Paramount Skydance on Tuesday completed its blockbuster $110 billion takeover of Warner Bros. Discovery, creating a Hollywood heavyweight called Skydance and handing CEO David Ellison control of one"[1]
- [4]95%AP: judge approves settlement with statesny1.com· Published Sep 30, 2026· 25% of score
Independent reporting explains resolution of the pre-closing antitrust challenges and the $81 billion acquisition price.[1]
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