Paramount Skydance

The transaction closed on Tuesday, October 6, according to a regulatory filing. Warner Bros. Discovery became a wholly owned subsidiary of the combined business, now called Skydance Corporation, with its shareholders receiving approximately $31.02 per share in cash.

Paramount Skydance’s planned acquisition of Warner Bros Discovery has moved closer to completion after the company reached a settlement with California and 11 other US states.

Hollywood's biggest proposed merger has come under legal scrutiny after 12 US states sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, arguing the deal would create excessive market power in Hollywood. The lawsuit claims the merger...

April 14, (THEWILL) — More than 1,000 film and TV professionals have signed an open letter opposing Paramount Skydance’s proposed $111 billion acquisition of Warner Bros. Discovery, warning it could harm jobs, creativity, and competition across the industry. The letter,...

February 27, (THEWILL) — In a dramatic twist in one of Hollywood’s biggest takeover battles, Netflix has withdrawn its $83 billion bid to buy Warner Bros. Discovery (WBD), clearing the way for Paramount Skydance to take control of one...

January 13, (THEWILL) — Warner Bros. Discovery (WBD) has rejected a lawsuit filed by Paramount Skydance, calling it “meritless” and reaffirming its support for its proposed deal with Netflix. On Monday, Paramount filed a lawsuit in the Delaware Chancery...

December 08, (THEWILL) — Paramount Skydance, on Monday, entered the bidding war by making a hostile all-cash offer of $30 per share for Warner Bros. Discovery (WBD), valuing the company at about $108.4 billion. Paramount says its offer is a...