The Daily Buyout
UndisclosedStrategic acquisitionMedia & Telecom

Paramount Skydance extends tender and exchange offers for WBD notes

Paramount Skydance extended the expiration dates for its tender and exchange offers covering notes issued by Discovery Global Holdings and Discovery Communications to October 6, 2026.

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$110BStrategic acquisitionMedia & TelecomCompletedOct 7, 2026

Paramount closes $110B Warner Bros. Discovery takeover, becomes Skydance

Paramount completed its $110 billion acquisition of Warner Bros. Discovery on October 6, forming a combined company called Skydance under David Ellison. The deal unites Paramount+ and HBO Max with CBS, CNN, TBS and franchises like Game of Thrones and the DC Universe. It closed after settlements with a coalition of U.S. states and a Hollywood writers' union cleared the main legal hurdles.