Ynon Kreiz

Incoming co-CEO, combined Paramount-Warner Bros. Discovery

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Paramount Skydance’s $108 billion hostile bid ignites a fight for Warner Bros. Discovery

Co-CEO of Skydance Corporation (combined Paramount-WBD), named September 30, 2026; deal closed October 6.

On October 6, Paramount Skydance completed its $110 billion acquisition of Warner Bros. Discovery, creating a combined company named Skydance and ending a 13-month bidding war that survived federal and state antitrust challenges. The deal closed after a federal judge approved a settlement with 12 states on September 30, and shares of Skydance began trading on the NYSE under the ticker SKYD.

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