Business news brief
Paramount completes $111bn acquisition of Warner Bros to form new media empire Skydance
NEWS DESKBusiness
PUBLISHEDOct 6, 2026, 2:14 PM
What the source reports
David Ellison and ex-Mattel CEO Ynon Kreiz to oversee both film studios, HBO Max, CNN and CBS News as co-executives Paramount completed its $111bn acquisition of Warner Bros Discovery on Tuesday, consolidating some of the world’s most recognizable studios and news outlets after a bidding war with Netflix and months of legal turmoil.
The new company, now called Skydance, will have David Ellison, the son of a billionaire tech…
Main source: The Guardian Business
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