David Ellison's Paramount Skydance is set to close its acquisition of Warner Bros. Discovery on Tuesday after a year of rejected offers, a bidding war, multiple regulatory approvals, an antitrust challenge from state attorneys general and a settlement. The combined group will be renamed Skydance and trade under ticker "SKYD," controlling two storied film studios and nearly a third of basic cable programming.
Personalized Story Group has acquired Slovenian personalized book publisher Hooray Heroes, which has created more than three million personalized books, adding it to a portfolio including Story Bug and My Story Tale.
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.
Rogers Communications completed its acquisition of the remaining 25% stake in Maple Leaf Sports & Entertainment from Kilmer Sports for C$4.35 billion, bringing its ownership to 100%. MLSE's portfolio includes the Toronto Maple Leafs, Raptors, Toronto FC, Argonauts, Scotiabank Arena and a Live Nation partnership, joining Rogers' Blue Jays, Rogers Centre and Sportsnet assets.
Thomson Reuters completed the sale of a majority stake in its Global Print business to capital accounts advised by KKR; the unit now operates as Westbridge Print across 13 countries.
Grain Management-backed Rightfiber completed its acquisition of American Broadband Holding Company's Fastwyre Broadband operations in Nebraska, expanding its 20-state fiber footprint.
Vero Broadband, operating as Vero Fiber, closed its merger with Montana Sky Networks to create a leading locally operated fiber provider across Northwest Montana.
WHYY closed its acquisition of WPSU from Penn State University, taking over the public TV and radio stations serving about 1.5 million residents in central and northern Pennsylvania.
Creatd entered a binding letter of intent to acquire the remaining 90% of C2 Capital Group, operator of live-streaming platform C2 Live, targeting an Oct. 31 close with a $500,000 mutual breakup fee.
Paramount Skydance and Warner Bros. Discovery said their merger, agreed in February 2026, is expected to close on October 6, subject to customary conditions. WBD holders will receive $31.00 per share in cash plus a daily ticking accrual of roughly $0.0028 per day after September 30, implying about $31.0167 per share at the anticipated closing date.
Charlesbank-backed Spectrotel completed its merger with AireSpring, combining managed networking and a nationwide facilities-based fiber network, with Grain Management continuing to invest and AireSpring's founding Lonstein family retaining a minority stake.
Legacy Distribution acquired Vision Films, merging both libraries under the Vision Films name, with Legacy CEO Dana Webber leading the combined company and founder Lise Romanoff moving to a consultant role.
Health and wellness-focused private equity firm Manna Tree made a majority investment in Zambezi, an independent Los Angeles creative agency, on undisclosed terms.
Japan's Avex Inc. acquired 85% of S10 Entertainment from CEO Brandon Silverstein and his partners, with an agreement to reach full ownership over time; Silverstein stays on as CEO.
BRC Group Holdings agreed to acquire all outstanding shares of Canadian communications provider Sangoma Technologies at an enterprise value of about $204 million (C$289 million).
Scholastic signed a definitive agreement to acquire Cottage Door Press, the largest independent US children's publisher, for approximately $71 million subject to purchase price adjustments.
Lee Enterprises will acquire the Sioux Falls Argus Leader, Aberdeen American News, Watertown Public Opinion and Great Falls Tribune, while USA TODAY Co. takes full ownership of the Arizona Daily Star, ending their TNI Partners joint venture.
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.