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Paramount Skydance completed its acquisition of Warner Bros. Discovery on October 6, 2026. Sources give the deal value as either $110 billion or $111 billion and describe the resulting company as Skydance or Skydance Corporation; David Ellison remains chairman and CEO, while Ynon Kreiz was named co-CEO to oversee day-to-day operations and integration.
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The merger closed on October 6, bringing two major Hollywood studios and news networks under Skydance. The company plans to combine HBO Max, Paramount+ and Discovery+ into one streaming service.
