Paramount Skydance merger with Warner Bros. Discovery
Acquisition
Paramount Skydance agreed on Feb 27, 2026 to acquire Warner Bros. Discovery for ~$110.9B enterprise value ($31.00/share cash). Shareholder-approved (Apr 2026) + DOJ-cleared (Jun 2026); EU review pending; expected to close ~Q3 2026.
Last updated Jun 25, 2026 by ATDb automated enrichment
Acquirer
Target
Value
~$110.9 billion ($31.00/share)
Announced
Feb 27, 2026
Status
Announced
Overview
Paramount Skydance agreed on Feb 27, 2026 to acquire Warner Bros. Discovery for ~$110.9B enterprise value ($31.00/share cash). Shareholder-approved (Apr 2026) + DOJ-cleared (Jun 2026); EU review pending; expected to close ~Q3 2026.
Deal details
- Acquirer
- Paramount Skydance
- Target
- Warner Bros. Discovery
- Deal Value
- ~$110.9 billion ($31.00/share)
- Market Segment
- media, streaming, entertainment, TV advertising
Deal terms
- Status
- Announced
- Enterprise value
- $110.90B
- Per-share price
- $31.00
- Expected close
- September 30, 2026
Connection details