[REVISION HISTORY]

Paramount Skydance and Warner Bros. Discovery merger

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2026-09-30 10:49 UTC → 2026-09-30 19:55 UTC · added ~~removed~~

Paramount Skydance, owned by Larry and David Ellison, ~~has proposed a merger with~~ is nearing the finalization of its approximately $110 billion acquisition of Warner Bros. Discovery ~~(WBD) valued at approximately $111 billion.~~ (WBD), with reports suggesting the merger could close as early as next week. The deal has faced significant regulatory scrutiny and legal challenges from a coalition of 12 Democratic state attorneys general and the Writers Guild of America. Critics, including California Attorney General Rob Bonta, have warned that the merger could create a monopoly, leading to reduced market competition, job losses, and the consolidation of major news and entertainment assets like CNN, HBO, and the DC Universe. As To finance the ~~acquisition nears completion, leadership~~ massive transaction, Paramount Skydance has engaged in significant debt offerings, including a $30 billion investment-grade bond issuance that saw investor demand exceeding $109 billion. The merger will consolidate major media assets, including Paramount Pictures, Warner Bros. studio, CBS, HBO, and CNN, under a single corporate structure. Leadership changes are occurring within the streaming ~~divisions.~~ divisions as the acquisition nears completion. Cindy Holland, Chair of Direct-to-Consumer at Paramount Skydance, has stepped down to allow CEO David Ellison to optimize for HBO stability. Following her departure, Casey Bloys, Chairman and CEO of HBO, is expected to lead the combined streaming operations for both entities, ~~aiming to consolidate services~~ overseeing platforms such as Paramount+ and HBO Max.

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