From Dallas Express · Dallas Express · · 50s
Skydance Closes Warner Bros. Deal
Paramount completes $110 billion Warner Bros. Discovery acquisition, renaming company Skydance.
In brief
Paramount completes $110 billion Warner Bros. Discovery acquisition, renaming company Skydance. Paramount Skydance acquired Warner Bros. Discovery for $110 billion, creating a new media giant with 200 million streaming subscribers. Originally reported by Dallas Express.
Deal Completion
Paramount Skydance completed acquisition of Warner Bros. Discovery for $110 billion.
Shareholder Value
Warner Bros. Discovery shareholders received $31.01666668 per share in cash at closing.
Company Structure
The combined company includes Paramount, Warner Bros., HBO, HBO Max, Paramount+, Pluto TV, CBS, CNN, and 15 other networks.
Streaming Subscribers
Skydance reported over 200 million streaming subscribers across its platforms.
Leadership
David Ellison leads Skydance with co-CEO Ynon Kreiz, former Mattel chairman.
Antitrust Settlement
The merger required 30 films annually for two years, 32 films annually for five years, and $1.5 billion in additional film production spending.
The takeaway
Paramount Skydance acquired Warner Bros. Discovery for $110 billion, creating a new media giant with 200 million streaming subscribers.
