Paramount closes deal to acquire Warner Bros. Discovery

The Hill - Oct 6, 2026

Paramount Skydance officially closed its multibillion-dollar deal to acquire fellow media giant Warner Bros. Discovery (WBD) on Tuesday, creating the largest provider in news, sports and entertainment offerings in the world. The deal hands control of WBD's sprawling movie and television studios, as well as its cable channels and news outlet CNN to billionaire media...

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