Paramount completes $111B Warner merger, creating "Skydance" behemoth
Paramount completed a $111 billion Warner Bros. Discovery merger, creating a combined company called Skydance.
Paramount Skydance completed its $111 billion merger with Warner Bros. Discovery after Supreme Court Justice Elena Kagan rejected a last-ditch effort to block the deal. The combined company, named Skydance, brings together major studios, Paramount+ and HBO Max, CBS, CNN, and sports brands including CBS Sports and TNT Sports. A multistate antitrust suit was settled after a California federal judge found the combination would likely lessen competition; Judge Araceli Martínez-Olguín approved the settlement on September 30.
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