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$110BMergerMedia & Telecom

Paramount–Warner Bros. Discovery merger to close Oct. 6 under Skydance name

Paramount and Warner Bros. Discovery will operate as Skydance once their roughly $110 billion merger closes, CEO David Ellison announced. The combination unites two major Hollywood studios, Paramount+ and HBO Max, and networks including CBS, CNN, MTV, TBS and Comedy Central. Twelve states had challenged the deal on competition grounds, but a judge approved a settlement with the state attorneys general this week, clearing the path.

Why it matters: One of the largest media mergers ever reshapes streaming and studio competition just as Netflix's rival bid for Warner's assets falls away.

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