# Skydance Closes Warner Bros. Deal

> Paramount completes $110 billion Warner Bros. Discovery acquisition, renaming company Skydance.
- Title: Skydance Closes Warner Bros. Deal · Dallas Express | Shortify
- Summary: Paramount completes $110 billion Warner Bros. Discovery acquisition, renaming company Skydance. Paramount Skydance acquired Warner Bros. Discovery for $110…
- Keywords: paramount, warner bros discovery, skydance, streaming services, cable networks, hollywood studios, antitrust settlement, news, politics, Closes, Warner, Bros
- Source: Dallas Express — https://dallasexpress.com/business-markets/paramount-closes-110-billion-warner-bros-deal-renames-company-skydance
- Author: Dallas Express
- Published: 2026-10-07T20:08:01+00:00
- Read time: 1 min
- Topics: paramount, warner bros discovery, skydance, streaming services, cable networks, hollywood studios, antitrust settlement, news, politics
## 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.
## Key takeaway

Paramount Skydance acquired Warner Bros. Discovery for $110 billion, creating a new media giant with 200 million streaming subscribers.